Canada stocks-TSX notches biggest gain in 4 months
Canada’s main stock index on Thursday rallied by the most in four months, led by technology and energy stocks, as global sentiment was lifted by hopes that Washington could resolve its debt-ceiling standoff. The Toronto Stock Exchange’s S&P/TSX composite index ended up 224.55 points, or 1.1 percent, at 20,416.21, its biggest gain since June 1 and the highest closing level since Sept. 27. Gains for the index came as a temporary truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month, boosting Wall Street. Technology stocks gained 2.7 percent, their third session of gains, helped by a 3.4 percent advance for Shopify Inc, the company with the largest market capitalization on the Toronto market.
Sensex jumps 488 pts
Sensex closed at 59,677.83, up 488.10 points, or 0.82 percent on Thursday; Nifty closed at 17,790.35, up 144.35 or 0.82 percent; Auto led gains along with realty. Titan and Tata Motors were among top gainers. Benchmark indices ended Thursday with gains of 0.82 percent. Sensex closed with 20 stocks in green, and 10 in red, while Nifty saw 33 advances and 17 declines. Markets continue to remain choppy and range-bound. Traders should avoid taking positions in either direction unless 17,950 is conquered on the upside or 17,400 breaks on the downside.”
Chinese stocks rise on return to trade
Chinese stocks rose on the first day of trade after a week-long holiday, tracking other stock markets across Asia-Pacific as markets on Wall Street rallied. Data on Friday also showed that the services activity in China returned to positive levels. Mainland Chinese stocks pared earlier gains but were still higher by the close. The Shanghai Composite was up 0.67 percent to close at 3,592.17, while the Shenzhen Component was higher by 0.74 percent to 14,414.16. The CSI 300 rose around 1.31 percent to close at 4,929.94.
France stocks higher at close of trade
France stocks were higher after the close on Thursday, as gains in the Foods & Drugs, Gas & Water and General Financial sectors led shares higher. At the close in Paris, the CAC 40 gained 1.65 percent, while the SBF 120 index added 1.55 percent. Rising stocks outnumbered declining ones on the Paris Stock Exchange by 388 to 201 and 98 ended unchanged. Shares in Ubisoft Entertainment fell to 52-week lows; losing 6.22 percent or 3.21 to 48.37. The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0 percent to 18.96 a new 6-months high. Gold Futures for December delivery was down 0.17 percent or 2.95 to $1758.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.84 percent or 0.65 to hit $78.08 a barrel, while the December Brent oil contract rose 0.90 percent or 0.73 to trade at $81.81 a barrel. EUR/USD was up 0.03 percent to 1.1560, while EUR/GBP fell 0.33 percent to 0.8480. The US Dollar Index Futures was down 0.14 percent at 94.142.
FTSE 100 inches up on oil boost
UK stocks stayed afloat on Friday, helped by heavyweight energy and banking stocks, while shares of trucking services firm Eurowag fell in their London market debut after floating a day late and at a cut price. The commodity-heavy FTSE 100 (.FTSE) rose 0.1 percent by 0820 GMT, with BP and Royal Dutch Shell climbing 1.4 percent and 1.6 percent, respectively. Czech’s Eurowag which initially planned to float on Thursday — dropped some 9.3 percent to 136 pence, falling below its offer price at 150 pence per share. “There is usually a significant amount of volatility immediately after trading begins with IPOs. So, volatility in itself is not unusual and (Eurowag) shares have fallen, given that the offer price came in below the initial range indicating that demand was rather subdued,” said Susannah Streeter, an analyst at Hargreaves Lansdown. Europe’s initial public offering market had its strongest third quarter in a decade, though rising bond yields and talk of monetary policy easing has somewhat soured market sentiment.
Nasdaq composite index closes up 68.08 points for the week
Thursday’s session closes with the NASDAQ Composite Index 152.11 This is the 3rd straight day of increase for the index. The total shares traded for the NASDAQ was over 4.57 billion. Advancers stocks led declining by 2.42 to 1 ratio. There were 3325 advancers and 1372 decliners for the day. On the NASDAQ Stock Exchange 56 stocks reached a 52 week high and 46 those reaching lows totaled. The most active, advancers, decliners, unusual volume and most active by dollar volume can be monitored intraday on theMost Active Stocks page. The NASDAQ 100 index closed up .88 percent for the day; a total of 130.38 points. The current value is 14,897.13.
Saudi Arabia stocks higher at close of trade
Saudi Arabia stocks were higher after the close on Thursday, as gains in the Media & Publishing, Energy & Utilities and Financial Services sectors led shares higher. At the close in Saudi Arabia, the Tadawul All Share added 0.17 percent to hit a new 5-year high. Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 142 to 51 and 15 ended unchanged. Crude oil for November delivery was down 1.12 percent or 0.87 to $76.56 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.85 percent or 0.69 to hit $80.39 a barrel, while the December Gold Futures contract rose 0.06 percent or 1.00 to trade at $1762.80 a troy ounce. EUR/SAR was up 0.04 percent to 4.3354, while USD/SAR rose 0.01 percent to 3.7504. The US Dollar Index Futures was down 0.12 percent at 94.160.