European Equity Markets
Equities across Europe closed higher on Tuesday with the Stoxx 600 closing 0.32% higher.
Vivendi gained 3.97% after announcing its first-half results stating it could sell up to half of its Universal Music Group assets.
Leonardo traded higher by 10.6% thanks to strong second-quarter results. The Swedish firm Hexagon also traded higher by 5.39% after reporting second-quarter numbers above forecasts.
U.S. Equity Markets
U.S. equities traded higher on Tuesday thanks to gains in the industrial sector after reports of renewed trade negotiations between the United States and China.
The S&P 500 increased by 0.49%, to 2,816.29 and the Nasdaq Composite closed higher by 0.55%, to 7,671.79.
Apple Inc traded higher in the aftermarkets after reporting higher than expected earnings which were driven by higher-priced iPhones. Apple traded up over 2%.
Asian Equity Markets
Nikkei 225 gained 0.53% thanks to steelmakers sector with JFE Holdings jumped 8.06%. Automakers also traded increased due to the weakness in the yen. Hong Kong’s Hang Seng Index traded 0.37% higher, with Apple supplier Sunny Optical gaining 2.47 percent.
The U.S. dollar traded higher against a basket of currencies yesterday sparked by a source said that the White House was about to propose higher tariffs on $200 billion in Chinese imports, perhaps sparking a new round of trade hostilities.
Oil prices declined on Wednesday due to industry data pictured that the U.S. stockpiles of crude unexpectedly increased. October Brent crude futures dropped 30 cents to $73.91 a barrel. U.S. crude futures were down 37 cents at $68.39 a barrel.
Japanese government bond prices declined on Wednesday, with the benchmark futures dropping half a point, as traders tested the Bank of Japan’s commitment to allow for greater flexibility in yield moves. The benchmark 10-year JGB futures declined as much as 0.71 point. BOJ Governor Haruhiko Kuroda announced on Tuesday that the BOJ will tolerate the 10-year JGB yield moving around 20 basis points from its policy target of zero percent, compared to around 10 basis points in the past.