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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »