Factory data lifts stocks, dollar gains on US election jitters | Malay Mail

Brent crude futures rose US$1.03 to settle at US$38.97 a barrel. US crude futures settled up US$1.02 at US$36.81 a barrel. — Reuters pic

The Purchasing Managers’ Index surveys eased growing concerns about global growth in the face of a resurgent pandemic that had pushed MSCI’s world equity index down almost 8 per cent over the prior three weeks. “While Election Day looms, investors seem to be focused on potential central bank moves” as the RBA today and BofE on Thursday will likely enhance monetary easing programmes, said Yousef Abbasi, global market strategist at StoneX Group Inc in New York.

Europe’s broad FTSEurofirst 300 index closed up 1.59 per cent at 1,346.48, while on Wall Street the Dow Jones Industrial Average rose 1.6 per cent, the S&P 500 gained 1.23 per cent and the Nasdaq Composite added 0.42 per cent. “Sometimes these markets will give clearer signals than equity markets,” she said. The VIX volatility index, which rose to its highest in four months last week, eased more than 2 per cent to 37.13.

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Tokyo stocks open higher with eyes on US vote | Malay MailTOKYO, Nov 2 — Tokyo stocks opened higher today as investors factored in the rout last week in New York and shifted attention to the US presidential election and other market-moving events. The benchmark Nikkei 225 index was up 0.61 per cent or 139.86 points at 23,116.99 in early trade, while the...
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