Today's global markets: US stocks up, yields up, oil down

Today's global markets: US stocks up, yields up, oil down

World markets today: Due to investors' continued aversion to risk due to potential Middle East crisis escalation, US stocks and European shares increased.

The global stock market index MSCI increased by 0.68%.

As businesses start to release their third quarter results, international investors are also focusing on corporate earnings.

On Monday, Israeli forces continued to shell Gaza despite diplomatic efforts to broker a ceasefire that would have allowed people to leave and aid to enter the besieged Palestinian territory.

As investors anticipate third quarter earnings, Wall Street US stocks and government yields rose on Monday.

At 33,972.82, the Dow Jones Industrial Average increased by 302.53 points, or 0.9%. At 4,372.27, the S&P 500 increased 44.49 points, or 1.03%. At 13,567.84, the Nasdaq Composite increased by 160.61 points, or 1.2%. 

The 10-year Treasury yield increased to 4.72% from 4.62% late on Friday.

Currencies

At 149.54 Japanese yen, the US dollar increased from 149.50. At $1.0554, the euro increased from $1.0511.

Europe Monday's closing price of European shares was higher thanks to increased prices for financial and mining stocks.

Miners and retail stocks were the two leading sectors for sectoral gains as the pan-European STOXX 600 finished 0.2% higher.

Early in the session, the Euro STOXX volatility index reached an eight-week high.

The FTSE 100 in Britain increased 0.4% to 7,630.63. The DAX in Germany increased 0.3% to 15,237.99. The CAC 40 in France increased 0.3% to 7,022.19.

The WIG20 index for Poland increased 5.3%.

Mining index increased.

1.8% as base metal costs increased on expectations of increased Chinese demand.

Financial stocks rose 1%.

Amid concerns over the Middle East war, Asian markets declined.

The Hang Seng index for Hong Kong fell 1% to 17,640.36. Shanghai Composite dropped 0.5% to 3,073.81 in China.

The Nikkei 225 in Japan dropped 2% to 31,659.03.

At the end of trading, Australia's S&P/ASX 200 index was down 0.4% at 7026.500. The benchmark S&P/NZX 50 index for New Zealand decreased 0.7% to close the session at 11,185.08.

energy costs 

The benchmark US crude oil price for November delivery dropped $1.03 on Monday to $86.66 a barrel. At $89.65 a barrel, Brent crude for December delivery saw a $1.24 loss.

At $3.11 per 1,000 cubic feet for November delivery, natural gas prices dropped 13 cents.

At $1,934.30 per ounce, gold bullion for December delivery decreased by $7.20. At $22.77 per ounce, silver for December delivery lost 13 cents.