ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » World News

World stocks set for 12th month of gains, dollar nudges up

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

World stocks headed for a record twelfth month of gains as Europe outshone Wall Street on Tuesday while the dollar edged up and U.S. Treasury yields were steady.

Wall Street had a choppy morning while European stocks hit a 5 1/2-month high as data showed euro zone growth of 2.5 percent year-on-year and unemployment at its lowest since early 2009.

Strong earnings from Oreo cookie maker Mondelez

boosted the S&P, while Pfizer`s report weighed.

"We`re still in the thick of earnings and have seen some high-profile companies driving the market a lot," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin.

The Dow Jones Industrial Average rose 21.54 points, or 0.09 percent, to 23,370.28, the S&P 500 gained 2.72 points, or 0.11 percent, to 2,575.55 and the Nasdaq Composite added 22.76 points, or 0.34 percent, to 6,721.72.

The dollar index, which measures the greenback against major currencies, was set for its biggest monthly rise since November 2016.

It rebounded slightly from its Monday decline after Federal investigators probing Russian interference in the 2016 U.S. election charged President Donald Trump`s former campaign manager, Paul Manafort, and aide Rick Gates, with money laundering.

"There`s a lot of moving parts to the market this week," said Shaun Osborne, currency strategist at Scotia Bank in Toronto, citing central bank meetings, data and expectations Trump would announce his Federal Reserve chairperson choice.

Market participants were watching for "another shoe to drop" in the Russia probe, he said.

The dollar index rose 0.08 percent, with the euro down 0.13 percent to $1.1634.

U.S. Treasury prices were steady as investors braced for events that could prompt volatility. Wednesday`s potential catalysts include the Treasury Department’s refunding plans, the conclusion of the Federal Reserve’s two-day policy meeting, and a possible tax bill introduction.

Benchmark 10-year notes last fell 1/32 in price to yield 2.3739 percent, from 2.37 percent late on Monday.

The 30-year bond last rose 4/32 in price to yield 2.8746 percent, from 2.88 percent late on Monday.RECORD RUN

The MSCI`s 47-country `All World` index was set to top its 2003 run of 11 straight months of gains. It gained 0.09 percent Tuesday.

MSCI`s index of Asia-Pacific shares outside Japan ended up 0.4 percent. Strong gains in South Korea helped offset weakness in China and Hong Kong after disappointing industrial data from China.

South Korea`s KOSPI ended up 1 percent at a record high after Seoul and Beijing agreed to normalize relations that have been strained by a year-long standoff over the deployment of a U.S. anti-missile system in South Korea.

Oil prices steadied after a week of gains as the prospect of increasing U.S. exports dampened bullish sentiment that has driven Brent to more than two-year highs above $60 per barrel.[nL4N1N6256]

U.S. crude fell 0.18 percent to $54.05 per barrel and Brent was last at $60.46, down 0.21 percent on the day.

Spot gold dropped 0.5 percent to $1,270.02 an ounce. It was on track for its second straight monthly decline.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Tue, Oct 31, 2017
08:52 pm
Reuters
RELATED NEWS
GST Council to meet on February 18 GST Council to meet on February 18
No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says
RBI to hike repo rate by 25 bps in February, ending tightening cycle: Reuters poll RBI to hike repo rate by 25 bps in February, ending tightening cycle: Reuters poll
Pakistan raises petrol price by Rs 35, pushing retail cost to a whopping Rs 249.80 per litre amid severe food, energy crisis Pakistan raises petrol price by Rs 35, pushing retail cost to a whopping Rs 249.80 per litre amid severe food, energy crisis
Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan? Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan?

LATEST NEWS

Buy BEL shares, price target Rs 125: ICICI Securities

Sanjiv Bhasin strategy, stocks today: Buy Titan and Reliance Industries shares - check price targets

New Vande Bharat Express train in Maharashtra - Check route | Indian Railways

Q3 Results 2023: Paytm narrows loss, IndiGo's net profit soars to Rs 1,422.6 crore

Q3 Results 2023: Emami December quarter PAT up 6%, Tata Power net profit doubles

Govt announces substantial hike in windfall tax on locally produced crude oil, diesel and ATF

Marico Q3 Results 2023: Net profit rises 5% to Rs 333 crore, revenue up 2.6% to Rs 2,470 crore

ITC beats analysts' estimates with 21% jump in quarterly profit, declares Rs 6/share dividend

Coal India Dividend 2023: Check record date and payment date

Magh Purnima February 2023: Date, Time, Purnima Tithi, shubh muhurat, puja rituals and significance of full moon day

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV