Business

Stocks rise, bonds decline optimistically early in the quarter: Markets are wound




(Bloomberg) – Stocks in Europe and Asia went ahead with US stock futures on Tuesday as investors started off in the fourth quarter in an optimistic mood and pulled off a number of macro risks for now. Japanese bonds led to a broad haven over government debt, and a dollar measure rose another day.

The Stoxx Europe 600 Index opened higher, seeking a fourth day to rise as most industrial sectors and national meters progressed. Contracts for all three major US stock indices pointed to another day of gains on Wall Street. The pound was running while British Prime Minister Boris Johnson is preparing to present his blueprint for a new Brexit deal for the EU. In line with the larger risky move, gold fell for a third session. West Texas oil struck.

Bond yields marched almost everywhere in the wake of a weak auction of government debt in Tokyo. Japanese equities rose by about 1%, while the Australian dollar slipped after the central bank cut the reference rate to a record low. The rise across Asia was curbed because markets in Hong Kong and China are closed for holidays.

Elsewhere, emerging market equities rose for the first time in three days as a measure of their currencies slipped.

Here are some key events that emerge this week:

A number of data will land in Europe on Tuesday, especially the euro zone CPI for September. There are also many US figures this week, including ISM production on Tuesday, ADP's employment report on Wednesday and the monthly labor report on Friday, states. The Reserve Bank of India sets policy on Friday.

Here are the key moves in the markets:

Shares

Futures on the S&P 500 index climbed 0.5% from 8: 07.00 London time. The Stoxx Europe 600 index rose 0.3%. The UK's FTSE 100 index rose 0.2%. The MSCI Asia Pacific index rose 0.4%. The MSCI Emerging Market Index rose 0.1%.

Currencies

The Bloomberg Dollar Spot Index rose 0.1%. The euro fell 0.1% to $ 1 .0888. The British pound was little changed to $ 1.2283. The Japanese yen fell 0.1% to $ 108.24 per dollar.

Bonds

The return on 10-year Treasuries rose four basis points to 1.71%. Germany's 10-year return gained two basis points to -0.55%. Britain's 10-year return gained two basis points to 0.503%.

Commodities

Gold fell 0.6% to $ 1,463.97 an ounce. West Texas Intermediate Crude Oil rose 0.6% to $ 54.38 per barrel.

To contact the reporters about this story: Cormac Mullen in Tokyo at cmullen9@bloomberg.net; Samuel Potter in London at spotter33@bloomberg.net

To contact the editors responsible for this story: Samuel Potter at spotter33 @ bloomberg .net, Yakob Peterseil

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" For more articles like this, please visit us at bloomberg.com "data-reactid = "33"> For more articles like this, visit us at bloomberg.com

© 2019 Bloomberg LP



Source link

Back to top button