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World Markets Today 30/10/2018

posted onOctober 30, 2018

Asian markets closed higher on Tuesday despite the jitters following a Bloomberg report that said the Trump administration was set to press its trade war with China. 

Mainland Chinese stocks saw a rebound after the China Securities Regulatory Commission said it would improve market liquidity, guide more long-term capital into the market, encourage share buybacks and mergers and acquisitions by listed firms, reduce unnecessary interference in trading, and create a level playing ground for investors. 

European markets finished the trading session mixed as continued worries over the trade dispute between the U.S. and China contributed to cautious mood. Lufthansa sank 7.88 percent. Germany's biggest carrier missed third-quarter profit estimates on the back of rising fuel costs and the integration costs of Eurowings.

BP, the British oil giant reported profits more than doubled in the three months through to Sept 30. Shares of the London-listed stock ended higher by 2.02 percent. On the data front, GDP rose by 0.2% in the euro area  and by 0.3% in the EU28 during the third quarter of 2018, compared with the previous quarter, Eurostat said. 

United States stock markets finished the Tuesday trading session with major gains as
General Electric, Pfizer, Allergan, Coca-Cola and Mastercard reported their figures before market open. Facebook, eBay, Amgen, Electronic Arts and Baidu (BIDU) are among the companies releasing their quarterly results after the close of today's trading. 

In economic news, a report from the Conference Board said the consumer confidence index rose to 137.9 in October from a downwardly revised 135.3 in September, driven primarily by a hot labour market and expectations that economic growth will remain solid in the near term. 

World Markets Headlines Today

Hong Kong shares slip amid worries about more US tariffs (Nikkei Asian Review)
India: Sensex, Nifty swing; Reliance, BPCL down over 2% (Mint)
Australia: Stocks rebound amid volatility (The Australian Business Review)

Europe markets seen mixed amid U.S.-China trade war tensions; earnings in focus (CNBC)
European Shares Seen Opening On Steady Note (RTT News) 
European markets finished mixed as of the most recent closing prices (CNN Money)

U.S. Stocks Pare Gains as Tech Advance Fizzles (Bloomberg)
S&P 500 on the brink of notching this nearly 50-year record as stock market swoons (Marketwatch)
Dow Rises Sharply, Stocks Trade Higher Amid Mixed Earnings Reports (The Street)

Gold down as dollar gains on China-US trade war fears, Brent oil prices dips on rising supply, global market woes (Reuters) 

All Continents Stock Indices Closing Prices

Japan's Nikkei was up 1.45% and China's Shanghai Composite added 1.02% while Shenzhen's Composite gained 0.83%. Seoul's KOSPI was higher by 0.93% while Australia's ASX200 advanced 1.34%. Singapore's STI decreased 0.51%. Jakarta's Composite finished the day 0.60% in the green. Kuala Lumpur's KLCI rose 0.13%.Taiwan's Weighted Index added 0.10%.Thailand's SET climbed 0.10%.

The Paneuropean STOXX600 ticked up 0.01%. France's CAC fell 0.22%. London's FTSE climbed 0.145% and Amsterdam's AEX increased 0.26%. Belgium's BEL 20 slipped 0.28%. Lisbon's PSI20 was higher by 1.10% while Spain's IBEX 35 decreased 0.17%. Italy's FTSE MIB lost 0.22%.

In Russia, Moscow's IMOEX was off 0.74%. In Scandinavia, Stockholm's OMXS30 added 0.80% while Copenhagen's OMXC25 moved downward 0.50%. Helsinki's OMXHPI was up 0.28%. Oslo's OBX finished the day 0.90% in the hole.

In Central Eastern Europe, Budapest's BUX was higher by 0.93% while Warsaw's WIG gained 0.59%. Prague's PX dropped 0.51%. Bratislava's stock exchange was closed for a public holiday. Tallinn's OMXT was down 0.35% while Riga's OMXR tumbled 1.17%. In Vilnius, the OMXV decreased 0.15%.

In Southeastern Europe, Bucharest's BET was down 0.18%. Sofia's Sofix was off 0.82%. Belgrade's Belex15 ticked down 0.02%. Podgorica's MNSE10 was up 1.33%. Sarajevo's SASX10 was higher by 0.25% and Banja Luka's BIRS added 0.14%. Ljubljana's SBI Top was down 0.86%. Zagreb's CROBEX ticked up 0.01%. Skopje's MBI10 grew 0.07%. Istanbul's BIST 100 slid 0.60%. In Athens, the General Index moved downward 0.53% while in Nicosia grew 0.35%.

Botswana's DCI ticked down 0.03%. Dar Es Salaam's ASI was off 1.38%. Egypt's EGX30 climbed 0.61%. Lusaka's ASI added 0.05% and Casablanca's ASI fell 1.02%. Malawi's ASI was up 0.01% and Nigeria's ASI dropped 0.08%. Nairobi's ASI was down 0.25%. Rwanda's  ASI increased 0.25% and Mauritius's ASI was off 0.05%. Zimbabwe's Industrial Index finished the day 0.62% in the hole. 

In the U.S., the Dow Jones climbed 1.77% and the S&P 500 gained 1.57%. The Nasdaq was up 1.58%. Canada's S&P/TSX Composite rose 1.17%. Brazil's Bovespa jumped 3.69%and Chile's IPSA declined 2.11%. 

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