Global markets today: US and European equities increase on strong profits

 Global markets today: US and European equities increase on strong profits

current global markets:  On Tuesday, international equities increased due to strong quarterly profits, but investors remained cautious due to the continuing Middle East conflict.

The MSCI global index increased by 0.6%.

Concerns that the central banks would not lower interest rates this year have caused the yields on international bonds to spike in recent weeks.

Market Street

After Verizon and General Electric announced higher-than-expected earnings, US markets rose on Tuesday.

In afternoon trade, the S&P 500 increased by 0.7%. The Nasdaq composite increased by 0.8% and the Dow Jones Industrial Average increased by 227 points, or 0.7%.

The 10-year Treasury bond's yield recently stood at 4.87%, up 4 basis points on the day. It has surpassed 5% as of Monday.

Investors are anticipating the US PCE price index data on Friday and the US third quarter GDP data on Thursday, which may provide some hints about the Federal Reserve's monetary policy.

The US Federal Reserve will maintain 

next week (October 31–November 1), when it holds its policy meeting. 

Currencies

From 149.58 Japanese yen, the US dollar increased to 149.93 yen. From $1.0675 to $1.0589, the euro decreased.

energy costs

Tuesday saw a $1.75 drop in the US crude oil benchmark for December delivery, to $83.74 a barrel. A barrel of December delivery Brent oil dropped $1.76 to $88.07 a barrel.

Per 1,000 cubic feet, natural gas for November delivery increased by 4 cents to $2.97. 

European stocks recovered some of their early losses on Tuesday to close higher.

Miners were a major factor in the pan-European STOXX 600 index's 0.4% final gain.

The European Central Bank will make its interest rate decision public on Thursday.

The FTSE 100 in Britain increased 0.5% to 7,389.70. The DAX in Germany gained 0.2% to 14,879.94. The CAC 40 in France increased 0.6% to 6,893.65.

Asia

The Hang Seng Index of Hong Kong fell 1.1% on Asian stock exchanges to close at 16,991.53. Nikkei 225 of Japan up 0.2% to 31,062.35. The Shanghai Composite in China increased 0.8% to 2,962.24. 

The S&P/ASX 200 index for Australia finished 0.2% higher at 6,856.9 points. The benchmark S&P/NZX 50 index for New Zealand decreased 0.3% to finish the day at 10,960.6 points.

Gold for December delivery in bullion dropped $1.70 to $1,986.10 per ounce. An ounce of silver for December delivery dropped $9 cents to $23.12.