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World Markets Today 02/10/2018

posted onOctober 2, 2018

Asian stocks ended mostly lower on Tuesday due to worries over the trade tensions between the U.S. and China.

After Washington and Canada reached a deal to revise the North American Free Trade Agreement, the Trump administration on Monday said it was "too early to talk" with Beijing to resolve the trade dispute between the two world's two largest economies. China's markets remained closed for the week-long National Day holidays and data released over the weekend showed a slowdown in the Chinese manufacturing sector in September. In Australia, the Reserve Bank  left its cash interest rate unchanged at 1.50%, as widely expected. 

European markets closed in the red  aS Concerns over the Italian budget  weighed on investor sentiment. Claudio Borghi, the economic head of the ruling League party told RAI radio in an interview Tuesday that he was "truly convinced" most of Italy's problems would be solved if it had its own currency. Prime Minister Giuseppe Conte reaffirmed his country's commitment to the Euro after the Borghi's interview. However, in Milan, Intesa Sanpaolo, UniCredit and Banco BPM fell between 0.5 and 2 percent. 

Royal Mail slumped to the bottom of the European benchmark after the postal service company slashed its profit guidance for this year. Wienerberger meantime climbed to the top of the index after the firm issued upbeat earnings guidance. 

Markets in the United States closed mixed as lingering uncertainty about trade and a quiet day on the economic front kept traders on the sidelines. 

World Markets Headlines Today

Hong Kong shares slide after slowdown in China factory PMIs (Nikkei Asian Review)
Australia: Aimless stocks stumble (Australian Business Review)
Asian markets finished mixed (CNN Money)

European Shares Seen Opening Lower On US-China Trade Worries (RTT News)
European markets open lower as new NAFTA deal lift fades (CNBC)

U.S. Stocks Fluctuate on Trade, Inflation Bets (Bloomberg)
Dow makes midday move toward record heights as investors again look past trade issues (Marketwatch)
Dow Sets Intraday High Amid Trade and Growth Concerns (The Street)

Gold edges up but NAFTA deal weighs, Oil firm near 4-year high as Washington's Iran sanctions loom (Reuters)

All Continents Stock Indices Closing Prices

Japan's Nikkei was up 0.10% while Hong Kong's Hang Seng dipped 2.38%. Australia's ASX200 moved downward 0.75%. Singapore's STI decreased 0.39%. Jakarta's Composite lost 1.16% and Taiwan's Weighted Index finished the day 1.20% in the hole. Thailand's SET was off 0.70%. 

The Paneuropean STOXX600 was lower by 0.52%. France's CAC decreased 0.71%. London's FTSE was down 0.28% and Amsterdam's AEX was off 0.58%. Belgium's BEL 20 dropped 0.34%. Lisbon's PSI20 lost 0.40% while Spain's IBEX 35 fell 1.08%. Italy's FTSE MIB moved downward 0.23%. In Zurich, the SMI finished the day 0.44% in the hole.
In Russia, Moscow's IMOEX was lower by 0.91%. In Scandinavia, Stockholm's OMXS30 was down 0.63% while Copenhagen's OMXC25 lost 0.15%. Helsinki's OMXHPI was lower by 1.11%.

In Central Eastern Europe, Budapest's BUX ticked down 0.02% while Warsaw's WIG dropped 0.23%. Prague's PX rose 0.08%. Bratislava's SAX was off 0.14%. Tallinn's OMXT was unchanged and Riga's OMXR grew 1.15%. In Vilnius, the OMXV ticked down 0.01%.

In Southeastern Europe, Bucharest's BET increased 0.83%. Sofia's Sofix was higher by 0.44%. Belgrade's Belex15 increased 0.43%. Podgorica's MNSE10 was off 0.54%. Sarajevo's SASX10 was down 0.03% while Banja Luka's BIRS was unchaged. Ljubljana's SBI Top lost 0.67%. Zagreb's CROBEX was lower by 0.08%. In Skopje, the MBI10 added 0.34%. Istanbul's BIST 100 finished the day 0.38% in the hole. In Athens the General Index decreased 1.47% while in Nicosia fell 0.77%.

Dar Es Salaam's ASI was up 0.70% Egypt's EGX30 fell 0.45%. Johannesburg's ASI moved downward 0.57%. Nigeria's ASI was lower by 0.17%. Tunisia's TUNINDEX dropped 0.79%. Uganda's ASI climbed 1.43%.  Zimbabwe's Industrial Index jumped 5.14%.

In the U.S., the Dow Jones increased 0.46% and the S&P 500 ticked down 0.04%. The Nasdaq was lower by 0.47%. In Canada, the S&P TSX Composite dropped 0.54%. Brazil's Bovespa jumped 3.80%  while Mexico's IPC lost 0.93%. Chile's IPSA was up 0.47%.

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