The news is by your side.

Global markets today: Wall Street, European stocks rise a day before Fed policy outcome


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%.


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.


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%.


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.


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.

“Exciting news! WhatsApp Channels are now mint 🚀 Subscribe today by clicking the link and stay up to date with the latest financial insights!” Click here!

Get all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download the Mint News App for Daily Market Updates.


Updated: 01 November 2023, 01:45 AM IST

Denial of responsibility! is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at The content will be deleted within 24 hours.

Read original article here

Leave A Reply

Your email address will not be published.