Global markets today: Global stock indices were higher on Tuesday a day ahead of the US Federal Reserve’s monetary policy outcome.
The US central bank is expected to keep interest rates unchanged.
The MSCI stock gauge across the globe gained 0.33%.
Wall Street
US stocks gained on Tuesday as investors eagerly await the Fed’s policy decision and Chairman Jerome Powell’s comments.
The Dow Jones Industrial Average rose 123.91 points, or 0.38%, to 33,052.87, the S&P 500 gained 26.98 points, or 0.65%, to 4,193.8 and the Nasdaq Composite added 61.76 points, or 0.428,5%. All 11 major S&P 500 industry sectors advanced, with real estate up 2% and early gains, while the biggest laggard, communications services, gained 0.2%.
Investors will also look to the October US jobs report due on Friday.
The yield on 10-year treasury notes rose 0.3 basis points to 4.880%.
Currencies
The US dollar rose to 151.61 Japanese yen from 149.00. The euro rose to 94.51 US cents from 94.18 cents.
Energy prices
Benchmark US Crude for December delivery fell $1.29 to $81.02 a barrel on Tuesday. Brent crude for January delivery fell $1.33 to $85.02 a barrel.
Natural gas for December delivery added 22 cents to $3.58 per 1,000 cubic feet.
Europe
European shares rose on Tuesday, as investors took comfort in a range of corporate earnings.
The pan-European STOXX 600 closed 0.6% higher, but still posted its worst monthly performance since September 2022.
Britain’s FTSE 100 fell 0.1% at 7,321.72. Germany’s DAX rose 0.6% at 14,810.34. France’s CAC 40 was up 0.9% at 6,885.65.
Eurozone economic growth was weaker than expected in the third quarter, a flash estimate showed, with gross domestic product shrinking slightly quarter-on-quarter and the year-on-year growth rate slowing sharply.
Real estate advanced 2.7%, the energy sector fell 4.6%.
Asia
In Asian stock markets, Japan’s Nikkei 225 added 0.5% at 30,858.85. Hong Kong’s Hang Seng Index fell 1.7% at 17,112.48. China’s Shanghai Composite: lost 0.1% at 3,018.77.
In Tokyo, the Bank of Japan put higher pressure on interest rates. He said he would allow yields on 10-year bonds to rise above 1%.
Australia’s S&P/ASX 200 index rose 0.1% to close at 6,780.7. New Zealand’s benchmark S&P/NZX 50 index rose 0.2% to close at 10,757.69.
Bullion
Gold for December delivery fell $11.30 to $1,994.30 an ounce. Silver for December delivery fell 44 cents to $22.95 an ounce.
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Updated: 01 November 2023, 01:45 AM IST
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