, dipped between 0.7 per cent and 1.5 per cent. There have been mixed signals about China’s reopening. While health officials in China reiterated their commitment to strict Covid curbs over the weekend, Chinese leaders are considering reopening after nearly three years of tough pandemic restrictions with no set timeline.
The Stoxx 600 index started November on steady footing, aided by a better-than-expected reporting season and hopes that the Federal Reserve will deliver rate hikes in smaller increments. A survey on Monday showed investor morale in the euro zone improved in November, reflecting hopes that recent warmer temperatures and falling energy prices will prevent gas rationing on the continent this winter.jumped 10.7 per cent as top investor Vivendi could start talks with Italy’s new right-wing government on a new plan to create a national broadband company.slipped 1.
The S&P 500 ticked higher amid gains in eight of the 11 industry groups. The tech-heavy Nasdaq 100 also caught bids, while the Dow Jones Industrial Average outperformed, with healthcare names topping the leaderboard.fell after a report saying it expected to produce at least 3 million fewer iPhone 14 handsets than originally anticipated this year.
Stocks are poised for a second day of gains ahead of US midterms. Morgan Stanley’s Michael Wilson said polls pointing to Republicans winning at least one chamber of Congress provide a potential catalyst for lower bond yields and higher equity prices. – Additional reporting by Reuters/Bloomberg