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World Markets Today 09/10/2018

posted onOctober 9, 2018
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Asian stocks ended mostly lower on Tuesday as  worries about China and Italy added to unease over last week's sudden rise in US interest rates.

The International Monetary Fund has lowered its forecast for Chinese economic growth in 2019 to 6.2 percent from 6.4 percent, citing the "negative effect of recent tariff actions". The South Korean markets were closed for a public holiday. 

European markets finished the day in the green despite rising bond yields, U.S.-China tensions and Italy's decision to expand budget deficits.

United States markets closed mixed on Tuesday as government bond yields continue to rise, with the benchmark 10-year Treasury note yield rising to its highest level since 2011, before slipping.  

World Markets Headlines Today

ASIA/PACIFIC
Hong Kong set to halt losing streak as Chinese shares climb (Nikkei Asian Review)
India: Sensex, Nifty swing; Tata Motors top loser (Mint)
Australia: Stocks slide amid health swoon (Australian Business Review)

EUROPE
European Shares Seen Opening Flat After China's Yuan Move (RTT News)
European stocks mixed amid Italy budget tensions; Sage shares fall 6% (CNBC)
European markets are mixed today (CNN Money)

AMERICAS
Stocks Bounce as Tech Shares Cling to Early Gains (Bloomberg)
Cracks surface in the bull trend, S&P 500 nails major support (Marketwatch)
Dow, S&P 500 Trade Lower as Bond Yields Come Off 2011 Highs (The Street)

COMMODITIES
Gold inches up on safe-haven demand amid China worries,
Oil prices rise on signs that Iranian crude exports fall further (Reuters)

All Continents Stock Indices Closing Prices

ASIA/PACIFIC
Japan's Nikkei fell 1.32% and Hong Kong's Hang Seng was off 0.11%
China's Shanghai Composite rose 0.17% while Shenzhen's Composite ticked down 0.03%. Mumbai's Sensex decreased 0.51% while Nifty 50 was off  0.45%. Australia's ASX200 dropped 0.97%.

Singapore's STI was down 0.47%. Jakarta's Composite rose 0.62% and Taiwan's Weighted Index finished the day 0.10% in the green. Thailand's SET was ticked up 0.04%. Kuala Lumpur's KLCI moved downward 0.09%.

EUROPE
The Paneuropean STOXX600 was higher by 0.19%. France's CAC increased 0.35%. London's FTSE grew 0.06% and  Amsterdam's AEX advanced 0.64%. Belgium's BEL 20 was higher by 0.38%. Lisbon's PSI20 was up 0.50% while Spain's IBEX 35 climbed 0.67%. Italy's FTSE MIB added 1.06%.

In Russia, Moscow's IMOEX slid 0.43%. In Scandinavia, Stockholm's OMXS30 was up 0.20% while Copenhagen's OMXC25 declined 0.30%. Helsinki's OMXHPI moved downward 0.43%.
In Central Eastern Europe, Budapest's BUX was higher by 0.93% while Warsaw's WIG was up 0.67%. Prague's PX ticked up 0.03%. Bratislava's SAX grew 1.71%. Tallinn's OMXT was lower by 0.31% and Riga's OMXR slipped 1.79%. In Vilnius, the OMXV dropped 0.99%.

In Southeastern Europe, Bucharest's BET was up 0.28%. Sofia's Sofix fell 0.23%. Belgrade's Belex15 was up 0.39%. Podgorica's MNSE10 was higher by 0.71%. Sarajevo's SASX10 ticked down 0.03% while Banja Luka's BIRS decreased 0.70%. Ljubljana's SBI Top was down 0.21%. Zagreb's CROBEX grew 0.48%. In Skopje, the MBI10 jumped 2.31%. Istanbul's BIST 100 finished the day 0.67% in the green. In Athens the General Index plunged 2.43% while in Nicosia dropped 1.18%.

AFRICA

Egypt's EGX30 slid 0.11%. Johannesburg's ASI dropped 0.06%. Nigeria's ASI was lower by 0.08%. In Mauritius, the ASI increased 0.12%. Tunisia's TUNINDEX decreased 0.56% and   Zimbabwe's Industrial Index surged 13.18%.

AMERICAS
In the U.S., the Dow Jones slid 0.21% and the S&P 500 was off 0.14%. The Nasdaq ticked up 0.03%. Canada's S&P/TSX Composite fell 0.58%. Brazil's Bovespa jumped 3.78% while Mexico's IPC rose 0.86%. Chile's IPSA was off 0.37%.