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World Markets Today 01/11/2018

posted onNovember 1, 2018

Asian markets closed mainly higher in the first day of November, tracking another Wall Street rally, with Hong Kong and Shanghai leading the way. The Greater China markets saw gains following a Chinese leadership pledge to introduce new measures to support the world's number two economy.

An important economic indicator which came in above expectations also provided a boost to Thursday's trading business. The Caixin-IHS Markit October Purchasing Managers' index (PMI) came in at 50.1 for October  versus 50.0 in September. stocks in Australia posted an increase for the day with mining companies and financials pacing the gainers. 

European stocks traded mixed as traders were in a cautious mood amid a monetary policy announcement from the Bank of England (BoE) which kept its benchmark interest rates unchanged at 0.75 percent. 

Market focus was largely attuned to Brexit negotiations. The Times reported that UK and the EU were close to a Brexit deal that would give British financial services firms continued access to European markets post-Brexit. 

Across the Atlantic, U.S. markets closed with major gains after comments from President Donald Trump indicated potential progress in U.S.-China trade relations. Trump tweeted that he had a "long and very good conversation" with Chinese President Xi Jinping on trade. 

Shortly after, Xi said he is willing to meet with his American counterpart at the upcoming G20 summit in Argentina. The Chinese leader also expressed his desire to create a "steady, healthy relationship based on important mutual understanding" with Washington.

World Markets Headlines Today

Most Asian markets rally after a punishing October (Fin24)
India: Nifty erase gains; L&T shares jump 6% (Mint)
Australia: Stocks tick higher on BHP boost (The Australian Business Review)

European markets seen lower after brutal October; investors watch the Bank of England (CNBC)
European Shares Set To Follow Wall Street Higher (RTT News) 
European markets finished mixed (CNN Money)

U.S. Stocks Rise on Earnings, Softer Trade Stance (Bloomberg)
S&P 500 tries for first 3-day win streak in 6 weeks; Apple earnings on deck (Marketwatch)
Dow Rises as Wall Street Looks to Leave a Brutal October Behind (The Street)

Gold prices recover from three-week low on softer US dollar, 
Oil prices fall on signs of rising supplies, ebbing confidence on global economy (Reuters)

All Continents Stock Indices Closing Prices

Japan's Nikkei fell 1.06% and China's Shanghai Composite added 0.13% while Shenzhen's Composite gained 1.01%. Seoul's KOSPI was lower by 0.26% while Australia's ASX200 advanced 0.18%. Singapore's STI increased 1.39%. Jakarta's Composite finished the day 0.07% in the green. Kuala Lumpur's KLCI lost 0.14%.Taiwan's Weighted Index grew 0.43%.Thailand's SET dropped 0.09%.

The Paneuropean STOXX600 climbed 0.41%. France's CAC fell 0.15%. London's FTSE was off 0.19% and Amsterdam's AEX increased 0.40%. Belgium's BEL 20 grew 1.63%. Lisbon's PSI20 was lower by 0.32% while Spain's IBEX 35 added 0.69%. Italy's FTSE MIB was up 0.71%.
In Russia, Moscow's IMOEX gained 0.28%. In Scandinavia, Stockholm's OMXS30 fell 0.45% while Copenhagen's OMXC25 was higher by 1.42%. Helsinki's OMXHPI moved downward 0.39%. Oslo's OBX slid 0.71%.

In Central Eastern Europe, Budapest's and Warsaw's stock exchanges were closed for All Saints Day. Holiday. Prague's PX advanved 0.37%. Bratislava's stock exchange was closed. Tallinn's OMXT was up 0.98% while Riga's OMXR climbed 0.22%. In Vilnius, the stock market wa s closed for All Saints Day holiday.

In Southeastern Europe, Bucharest's BET was up 0.48%. Sofia's Sofix was off 0.04%. Belgrade's Belex15 ticked up 0.02%. Podgorica's MNSE10 was down 0.11%. Sarajevo's SASX10 was higher by 0.38% and Banja Luka's BIRS was up 1.20%. Ljubljana's and Zagreb's stock exchange were closed for All Saints Day holiday. Skopje's MBI10 grew 0.36%. Istanbul's BIST 100 jumped 2.42%. In Athens, the General Index sank 3.25% while in Nicosia dropped 1.40%.

Dar Es Salaam's ASI was off 0.09%. Egypt's EGX30 fell 0.36%. Lusaka's ASI decreased 0.07% and Malawi's ASI ticked up 0.04%. Nigeria's ASI slipped 1.42%. Nairobi's ASI was higher by 0.52%. Uganda's ASI fell 0.70% and Zimbabwe's Industrial Index finished the day 1.78% in the hole. 

In the U.S., the Dow Jones advanced 1.06% and the S&P 500 rose 1.06% as well. The Nasdaq gained 1.75%. Canada's S&P/TSX Composite gained 1.09%. Mexico's IPC was higher by 1.76%. Brazil's Bovespa grew 1.76%. 

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