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Market Headlines

31/10/2018

US

US equities had a positive session yesterday. The S&P 500 rose 1.6%, with gains broad based across all sectors.

On the corporate earnings front, Under Armour (the sports apparel company) was the standout performer. Its shares jumped 28% on the back of earnings which showed tangible signs of a turnaround at the sports brand.

In economic news, a key index of consumer confidence rose to a reading of 137.9, a 17 year peak, driven primarily by a strong labour market and expectations that economic growth will remain strong in the near term.

 
Europe

European markets closed marginally lower yesterday. The Euro Stoxx 50 index fell 0.2%, the German DAX index lost 0.4% and the French CAC settled 0.2% lower.

For the day ahead, companies such as Dialog Semiconductor, Airbus and Next will report earnings. In terms of data, inflation and unemployment numbers are due in Europe.

 
Asia

Asian equities had a strong session overnight. Japanese stocks gained 2.2% and Chinese equities finished 1.4% higher.