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World Markets Today 05/10/2018

posted onOctober 5, 2018
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Asian stocks ended mostly lower on the final trading day of the week, as negative sentiment from yesterday's trading in New York weighed on markets.

A recent surge in U.S. Treasury yields has raised concerns about the outlook for interest rates, reducing the appeal of shares. Traders were also digesting the new US dispute with China. Chinese markets continued to remain closed for the Golden Week holiday. 

European markets ended the trading session solidly in negative territory,as investors digested the latest jobs report out of the U.S., while monitoring moves in the bond markets. 

European markets ended the trading session solidly in negative territory,as investors digested the latest jobs report out of the U.S., while monitoring moves in the bond markets. US jobs data, while missing forecasts, seemed to strengthen the case for rapidly rising US interest rates,

Danske bank sank near to the bottom of the European benchmark, finishing down 6.24 percent, a day after the lender revealed it was being investigated by the US Department of Justice over possible money laundering related to more than 200bn euros that had moved through the Danish lender's Estonian branch. 

Brexit uncertainty also contributed to the negative mood. European Commission President Jean-Claude Juncker stated that a no-deal Brexit scenario would be "disastrous" for both Brussels and London. 

Wall Street ended Friday's session with losses, as treasury yields extended a recent upward move following the release of the monthly jobs report. Tesla Motors fell 3.7% after CEO Elon Musk mocked the US Securities and Exchange Commission (SEC) on Twitter by calling it "Shortseller Enrichment Commission."

World Markets Headlines Today

ASIA/PACIFIC
Tech share tumble weighs down Hong Kong market (Nikkei Asian Review)
India: Sensex dives 450 points; Nifty below 10450; HPCL, BPCL shares crash (Mint)
Australia: Banks keep ASX in the green (Australian Business Review)

EUROPE
European Shares Seen Lower At Open (RTT News)
European markets open mixed after US Treasury yields hit multi-year highs (CNBC)
European markets are lower today with shares in London off the most (CNN Money)

AMERICAS
US stocks rise after September jobs data (Fin24)
U.S. stocks close lower as worries about rising yields overshadow strong jobs report (Marketwatch)
Stocks End Broadly Lower on Rate Surge, Weak Payrolls Report
(The Street)

COMMODITIES
Gold little changed, US non-farm payroll data in focus, 
Oil rises ahead of U.S. sanctions on Iran, but outlook for 2019 less certain (Reuters)

All Continents Stock Indices Closing Prices

ASIA/PACIFIC
Japan's Nikkei was off 0.80% while Hong Kong's Hang Seng dropped 0.19%. Australia's ASX200 gained 0.15%. Seoul's KOSPI was off 0.31%. Singapore's STI decreased 0.67%. Jakarta's Composite lost 0.43% and Taiwan's Weighted Index finished the day 1.88% in the hole. Thailand's SET was off 0.51%. 

EUROPE
The Paneuropean STOXX600 was lower by 0.86%. France's CAC fell 0.95%. London's FTSE was down 1.35% and Amsterdam's AEX was off 0.85%. Belgium's BEL 20 dropped 0.76%. Lisbon's PSI20 lost 0.96% while Spain's IBEX 35 fell 0.65%. Italy's FTSE MIB moved downward 1.30%. In Zurich, the SMI finished the day 0.61% in the hole.

In Russia, Moscow's IMOEX was lower by 0.57%. In Scandinavia, Oslo's OBX fell 0.28%, Stockholm's OMXS30 was down 0.86% while Copenhagen's OMXC25 dropped 0.57%. Helsinki's OMXHPI was lower by 1.04%.

In Central Eastern Europe, Budapest's BUX lost 0.54% while Warsaw's WIG dropped 0.55%. Prague's PX was off 0.64%. Bratislava's SAX was unchanged. Tallinn's OMXT fell 0.25% and Riga's OMXR was down 0.45%. In Vilnius, the OMXV moved downward 0.44%.

In Southeastern Europe, Bucharest's BET increased 0.50%. Sofia's Sofix was higher by 0.14%. Belgrade's Belex15 was off 0.34%. Podgorica's MNSE10 ticked down 0.03%. Sarajevo's SASX10 was up 0.34% while Banja Luka's BIRS was up unchanged. Ljubljana's SBI Top climbed 0.70%. Zagreb's CROBEX was lower by 0.46%. In Skopje, the MBI10 lost 1.90%. Istanbul's BIST 100 added 0.41%. In Athens the General Index slumped 2.57% while in Nicosia fell 0.39%.

AFRICA
The BRVM-Composite Index added 1.04% while Botswana's DCI climbed 0.08%. Ghana's CI rose 1.04%. Johannesburg's ASI lost 1.13%. Casablanca's MASI fell 1.04%. Malawi's ASI grew 0.83%.  igeria's ASI was lower by 0.05%. Nairobi's ASI increased 0.24%. Namibia's Overall Index moved downward 1.55% and Mauritius ASI advanced 0.27%. Tunisia's TUNINDEX was up 0.33% while Uganda's ASI was higher by 0.98%. Zimbabwe's Industrial Index gained 1.10%.

AMERICAS
In the U.S., the Dow Jones was off 0.68% and the S&P 500 lost 0.55%. The Nasdaq was lower by 1.16%. In Canada, the S&P TSX Composite dropped 0.38%. Brazil's Bovespa was off 0.76%  while Mexico's IPC fell 1.29%. Chile's IPSA fell 1.24%.