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World Markets Today 31/10/2018

posted onOctober 31, 2018

Asian stocks rose on the final trading day of October, pointing to a positive conclusion to what's been a brutal month for shares.

Traders digested a slew of economic data, corporate earnings results and ignored the latest PMI numbers confirming a broad-based decline in China's economic activity. Chinese official manufacturing Purchasing Managers' Index (PMI) was 50.2 in October — lower than the 50.6 that analysts expected in a poll. In Australia, markets ended modestly higher, led by banking and energy stocks.  

European markets rallied higher on Wednesday. L'Oreal rose towards the top of the European benchmark, after the cosmetics and beauty products giant reported higher third-quarter sales from a year ago. Shares of the Paris-listed stock soared 6.7 percent on the news.  Investors also digested corporate earnings from Airbus, Sanofi, Standard Chartered and Santander.

Across the Atlantic, U.S. stock markets finished the trading session with strong gains as strong earnings lifted sentiment. The broad-based S&P 500 ended at 2 711.74 up 1.1% for the day, but with a loss of 6.9% for the month, its biggest monthly decline since 2011. 

It was a brutal month for stocks as worries about higher interest rates, trade wars, Italy's budget, the Kashogghi case and other geopolitical tensions  rattled investors.

World Markets Headlines Today

Hong Kong shares climb following Wall Street bounce (Nikkei Asian Review)
India: Sensex, Nifty turn volatile; Tech Mahindra jumps 8% (Mint)
Australia: Last-gasp surge puts ASX ahead (The Australian Business Review)

European markets seen higher after a rebound on Wall Street (CNBC)
European Shares Seen Up As Investors Shrug Off Chinese Data (RTT News) 
European markets closed sharply higher today with shares in France leading the region (CNN Money)

Stocks Rally on Tech Rebound; Treasuries Slide (Bloomberg)
Stocks rally in effort to finish an ugly October on an upbeat note (Marketwatch)
Dow Posts Solid Gains as GM and Facebook Lift Stocks (The Street)

Gold hits over two-week low; set to end six-month losing streak, Oil prices rise for first time in three days, but trade war drags (Reuters)

All Continents Stock Indices Closing Prices

Japan's Nikkei jumped 2.16% and China's Shanghai Composite added 1.35% while Shenzhen's Composite gained 1.46%. Seoul's KOSPI was higher by 0.74% while Australia's ASX200 advanced 0.43%. Singapore's STI increased 1.76%. Jakarta's Composite finished the day 0.74% in the green. Kuala Lumpur's KLCI rose 1.38%.Taiwan's Weighted Index surged 2.90%.Thailand's SET climbed 1.87%.

The Paneuropean STOXX600 climbed 1.71%. France's CAC jumped 2.31%. London's FTSE rose 1.31% and Amsterdam's AEX increased 1.56%. Belgium's BEL 20 grew 1.49%. Lisbon's PSI20 was higher by 0.48% while Spain's IBEX 35 increased 0.99%. Italy's FTSE MIB was up 0.27%.

In Russia, Moscow's IMOEX surged 2.29%. In Scandinavia, Stockholm's OMXS30 added 1.47% while Copenhagen's OMXC25 grew 1.38%. Helsinki's OMXHPI was up 1.47%. Oslo's OBX jumped 2.34%.

In Central Eastern Europe, Budapest's BUX was higher by 1.95% while Warsaw's WIG gained 1.29%. Prague's PX advanved 1.60%. Bratislava's stock SAX rose 0.37%. Tallinn's OMXT was down 0.59% while Riga's OMXR climbed 1.80%. In Vilnius, the OMXV decreased 0.47%.

In Southeastern Europe, Bucharest's BET was up 0.35%. Sofia's Sofix was off 0.11%. Belgrade's Belex15 added 0.56%. Podgorica's MNSE10 was up 0.70%. Sarajevo's SASX10 was lower by 1.46% and Banja Luka's BIRS was unchanged. Ljubljana's stock exchange was closed for a public holiday. Zagreb's CROBEX dropped 0.59%. Skopje's MBI10 grew 0.23%. Istanbul's BIST 100 grew 0.22%. In Athens, the General Index added 0.55% while in Nicosia grew 1.55%.

Dar Es Salaam's ASI was off 0.98%. Egypt's EGX30 climbed 0.73%. Lusaka's ASI added 0.07% and Casablanca's ASI ticked up 0.03%. Malawi's ASI was off 0.65% and Nigeria's ASI plunged 2.12%. Nairobi's ASI was down 0.59%. Mauritius's ASI ticked up 0.01%. Zimbabwe's Industrial Index finished the day 1.51% in the hole. 

In the U.S., the Dow Jones advanced 0.97% and the S&P 500 rose 1.09%. The Nasdaq jumped 2.01%. Canada's S&P/TSX Composite gained 1.09%. Mexico's IPC was higher by
0.93%. Brazil's Bovespa climbed 0.62%and Chile's IPSA was up 1.76%. 

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