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World Markets Today 12/10/2018

posted onOctober 12, 2018

Equities across Asia closed in the green on Friday as strong trade data from China buoyed markets. 

China's exports grew 14.5 percent year-on-year in September,  faster than the expected increase of 8.8 percent, despite the worsening trade dispute with the U.S. At the same time, imports advanced 14.3 percent  annually compared to the forecast of 12.4 percent, figures from the Customs Administration revealed.

Investor sentiment was also bolstered after media reports suggested that the U.S. Treasury Department has not labelled China as a currency manipulator in an internal report.

The majority of European markets ended the day in the red with traders remaining in a cautious mood. The pan-European Stoxx 600 index closed flat at the end of a volatile week. Europe's main blue chip benchmark moved sharply lower for the week, plunging by 4.5 percent.

Across the Atlantic, markets in the United States closed in the green following a two-day selloff. Strong trade data out of China helped eased concerns over slowing world economic growth. Earlier, top White House economic adviser Larry Kudlow said stock markets were back on track and that corrections were occurrences that "come and go." 

World Markets Headlines Today

Hong Kong stocks up in early trade (Fin24)
India: Sensex, Nifty extend gains; Maruti Suzuki, M&M top gainers (Mint)
Australia: ASX claws back to positive close (The Australian Business Review)

European Shares Set To Follow Asian Peers Higher (RTT News)
European stocks bounce back after global rout; German DAX rallies 1.2% (CNBC)
European markets are higher today with shares in Germany leading the region (CNN Money)

US Stocks Braced for More Selling as Global Markets Tumble in Wall Street's Wake (The Street)
Dow tumbles 500 points as stock-market rout gathers steam on Thursday (Marketwatch)
Stocks Plunge to Session Lows on Way to Sixth Loss (Bloomberg)

Gold slips, but hovers near 10-week high amid market turmoil, 
Oil prices rise, but still set for weekly fall amid equities rout (Reuters)

All Continents Stock Indices Closing Prices

Japan's Nikkei increased 0.46% and Hong Kong's Hang Seng rose 2.12%
China's Shanghai Composite added 0.91% while Shenzhen's Composite was up 0.14%. Mumbai's Sensex gained 2.15% while Nifty 50 climbed 2.32%. Australia's ASX200 grew 0.20%. Singapore's STI increased 0.71%. Jakarta's Composite finished the day 0.92% in the green. Thailand's SET advanced 0.79%. Kuala Lumpur's KLCI rose 1.30%.Taiwan's Weighted Index jumped 2.44%. 

The Paneuropean STOXX600 was lower by 0.19%. France's CAC slid 0.20%. London's FTSE fell 0.16% and  Amsterdam's AEX dropped 0.32%. Belgium's BEL 20 ticked up 0.06%. Lisbon's PSI20 grew 0.25% while Spain's IBEX 35 was off 1.18%. Italy's FTSE MIB decreased 0.52%.

In Russia, Moscow's IMOEX advanced 1.54%. In Scandinavia, Stockholm's OMXS30 declined 0.90% while Copenhagen's OMXC25 was up 1.25%. Helsinki's OMXHPI rose 0.46%.
In Central Eastern Europe, Budapest's BUX increased 1.23% while Warsaw's WIG was up 1.03%. Prague's PX moved downward 0.38%. Bratislava's SAX was unchanged. Tallinn's OMXT was higher by 0.82% and Riga's OMXR jumped 2.16%. In Vilnius, the OMXV climbed 1.05%.

In Southeastern Europe, Bucharest's BET was down 0.10%. Sofia's Sofix gained 0.22%. Belgrade's Belex15 increased 0.05%. Podgorica's MNSE10 was higher by 0.86%. Sarajevo's SASX10 fell 0.06% while Banja Luka's BIRS was unchanged. Ljubljana's SBI Top added 0.65%. Zagreb's CROBEX rose 1.03%. Skopje's MBI10 was off 0.47%. Istanbul's BIST 100 finished the day 2.01% in the green. In Athens the General Index climbed 0.23% while in Nicosia dropped 0.34%.

Botswana's DCI ticked up 0.03%. Dar Es Salaam's ASI fell 1.36% and Johannesburg's ASI climbed 2.38% and Lusaka's ASI was down 0.15%. Casablanca's MASI was off 0.08%. Nigeria's ASI was higher by 0.12%. In Mauritius, the ASI was up 0.01%.  Tunisia's TUNINDEX  deccreased 0.23%. Zimbabwe's Industrial Index dipped 3.78%.

In the U.S., the Dow Jones added 1.15% and the S&P 500 advanced 1.42%. The Nasdaq jumped 2.29%. Canada's S&P/TSX Composite grew 0.63%. Mexico's IPC was off 0.24%. Chile's IPSA was down 0.47%. 

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