Shares advanced in Europe on Friday after a day of mixed and sparse trading in Asia, where many markets were closed for public holidays.
Oil prices edged higher and U.S. futures advanced.

Inflation that has been plaguing Europeans declined sharply in September, strengthening hopes that consumers will eventually get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won't have to further restrict the economy by raising interest rates from already-record highs.
The annual rate was 4.3% this month, a drop from 5.2% in August. But recently higher oil prices are casting a shadow over prospects for quickly beating inflation down to the central bank's target of 2%.

The central banks of the United Arab Emirates and Egypt have agreed to a currency exchange deal, which could bolster the struggling Egyptian economy.
A joint news release said the agreement would allow the two central banks to exchange up to 5 billion Emirati dirhams and 42 billion Egyptian pounds, or roughly the equivalent of $1.36 billion.

Germany and Israel have signed an agreement for Berlin to buy the sophisticated Arrow 3 missile defense system, designed to intercept long-range ballistic missiles. The development is the latest step in Berlin's bid to strengthen its air defenses following Russia's invasion of Ukraine.
Germany aims to integrate the system into wider NATO air defense efforts. Last year, Berlin launched the European Sky Shield Initiative, which now includes 19 countries.

Wall Street turned lower early Thursday as concerns over interest rates, rising oil prices and a possible government shutdown hung over markets.
Futures for the Dow Jones industrials inched back about 0.1% before the bell, while the S&P 500 lost 0.2%.

Central Bank interim governor Wassim Mansouri on Thursday reassured that the bank will continue to pay the salaries of the public sector in U.S. dollars, which “provides stability to 400,000 families.”
“This is not a long-term stability but rather fragile stability, and if no president is elected the economic situations will further deteriorate,” Mansouri warned, following a meeting with the Economic and Social Council of Lebanon.

With tired faces, residents of a homeless shelter in Argentina's capital pass through the main entrance and line up to receive a hot drink and a slice of cake for an afternoon snack.
Places like the Bepo Ghezzi Social Inclusion Center in the Parque Patricios neighborhood of Buenos Aires have seen demand soar as more people are struggling to make ends meet amid an annual inflation rate above 100%.

How do you cook a meal when a staple ingredient is unaffordable?
This question is playing out in households around the world as they face shortages of essential foods like rice, cooking oil and onions. That is because countries have imposed restrictions on the food they export to protect their own supplies from the combined effect of the war in Ukraine, El Nino's threat to food production and increasing damage from climate change.

Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel.
The increase also complicates the global fight against inflation and feeds Russia's war chest. That poses problems for politicians as well as the people having to spend more to get to work, transport the world's goods or harvest fields.

The European Union's trade commissioner called for a more balanced economic relationship with China on Monday, noting an EU trade deficit of nearly 400 billion euros ($425 billion), while also warning that China's position on the war in Ukraine could endanger its relationship with Europe.
Valdis Dombrovskis, in a speech at China's prestigious Tsinghua University, said that the EU and China face significant political and economic headwinds that could cause them to drift apart.
