In Asian Equity Markets indices fell on Monday morning as investors remain cautious, following global losses in the previous week. In the Greater China region, the Hang Seng index in Hong Kong fell by around 0.9 percent in early trade. The Shanghai composite also slipped by 0.33 percent. In Japan, the Nikkei 225 fell by 1.48 percent in morning trade, while the Topix index slipped by 1.17 percent, with most sectors trending lower. Meanwhile, South Korea’s Kospi also saw losses of 0.48 percent, with industry heavyweight Samsung Electronics sliding 1.02 percent.
In Currency Markets the dollar firmed against the pound and euro on Monday as British efforts to secure a Brexit deal ahead of a key European Union summit kept global investors’ preference to safe haven currencies. The euro traded around 0.1 percent lower at 1.1549 on Monday, while the sterling lost 0.34 percent to 1.3109 after hitting an October high of 1.3258 on Friday. The Australian dollar changed hands at 0.7101 against the dollar, down 0.25 percent. The Aussie hit a two-year low of 0.7039 on Oct. 5. The Canadian dollar traded flat versus the dollar on Monday, at 1.3028.
In Commodities Markets crude oil futures rose sharply on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long-term outlook for demand dragged on prices. Brent crude had risen 98 cents, or 1.22 percent, to 81.41 a barrel, on track for its biggest daily gain since Oct. 9. U.S. crude futures climbed 80 cents, or 1.12 percent, to $72.15 a barrel, extending gains they racked up on Friday after hefty losses on Wednesday and Thursday.
In US Equity Markets indices rebound on Friday as technology stocks recovered after a week of losses, with investors looking for bargains ahead of the third quarter earnings reporting season. The S&P 500 gained 1.42 percent, to 2,767.13 and the Nasdaq Composite added 2.29 percent, to 7,496.89. The technology sector’s biggest boosts were Apple, and Microsoft which rose more than 3.0 percent. Visa and Mastercard both climbed almost 5.0 percent, boosted by strong credit card sales included in bank earnings reports, according to Oakbook’s Sampson.
In Bond Markets U.S. Treasury yields edged higher on Friday, rising from the previous session on Wall Street’s selloff, as equities recovered globally and investors unwound safe-haven bids. Yields on both the benchmark U.S. 10-year notes and 30-year bonds have fallen 9 basis points last week, on track for their largest weekly fall in nearly five months. U.S. 30-year bond yields rose to 3.315 percent, from Thursday’s 3.305 percent. On the short end of the curve, U.S. two-year yields were at 2.836 percent.