Sun, September 25, 2022

Stock markets on November 1

Stocks and various factors

 

On Friday, good news regarding China improved the market sentiment. According to a private business survey, factory activity expanded in China. This news had a positive impact on the stock markets. It is important to mention, in October, that factory activity expanded at the fastest pace in more than two years.

This expansion exceeds market expectations. Also, it provided different information that contrasted with the dour results of an official survey, which became available on Thursday. This news helped to increase the Chinese blue ships rose by 1.6%.

MSCI index of Asia-Pacific shares outside of Japan reached the highest point in three months.

Hong Kong’s Hang Seng index gained 0.65% on Friday. Meanwhile, South Korea’s Kaspi index increased by 0.77%.

Japan’s Nikkei 225 index fell on November 1, as it fell by 0.33%.

U.S. stock indexes on FridayStocks and politics

In the U.S., the fallout after the negative news regarding the trade war affected the stock indexes. The Dow Jones Industrial The average declined by 0.52%. The S&P 500 fell by 0.30%.

Another index, which is the Nasdaq Composite decreased by 0.14%.

The trade war between the U.S. and China created many problems for the stock markets. In this situation, it makes sense that market sentiment declined as investors are monitoring the situation.

This dispute started in 2018, and it is not over. The U.S. President Donald Trump announced that he would sign a phase one deal along with China President Xi Jinping. He made this comment on his Twitter account.

However, this comment was not enough to minimize the risks connected with the trade war. On Thursday, the media reported that Chinese officials have doubts about a long-term trade deal with the U.S.

On Friday, the Institute for Supply Management will release data from its survey of purchasing managers. This data will help to access the state of the U.S. economy.

 

YOU MAY ALSO LIKE

Climate Chance

Agri-food companies could lose up to 1/4 of their value by 2030

The yuan slipped below a key level on Monday after further easing

Oil prices rose more than 2 percent on Wednesday after Russian President

COMMENTS

Leave a Comment

Your email address will not be published.

BROKER NEWS

ThinkMarkets UK Records Profit Jump Despite 38% Revenue Dip

Turnover for ThinkMarkets, decreased 38% to £2.73 million this year from last year’s £4.38 million. Think Markets is a UK business of Melbourne-based broker. Although its executive expenses decreased, the company’s operating profit

BROKER NEWS

Broker News

ThinkMarkets UK Records Profit Jump Despite 38% Revenue Dip

Turnover for ThinkMarkets, decreased 38% to £2.73 million this year from last year’s £4.38 million. Think Markets is a UK business of Melbourne-based broker. Although its executive expenses decreased, the company’s operating profit for