· Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments.
The Dow Jones Industrial Average .DJI rose 24.18 points, or 0.09%, to 27,026.16, the S&P 500 .SPX gained 8.28 points, or 0.28%, to 2,997.97 and the Nasdaq Composite .IXIC added 32.67 points, or 0.4%, to 8,156.85.
Britain and the European Union agreed to a severance deal, moving closer toward wrapping up three years of uncertainties after Britons voted to leave the bloc.
Upbeat statements from Beijing and Washington fueled hopes that a phased agreement could ease the long-running U.S.-China trade war that has rattled markets for months.
And Turkey agreed to pause its Syria assault to allow for the withdrawal of Kurdish forces.
· European stocks gave up earlier gains on Thursday as British lawmakers cast doubt on a draft Brexit deal agreed between the U.K. and the European Union.
The pan-European Stoxx 600 closed provisionally 0.1% higher by Thursday’s close, with healthcare and financial services stocks leading gains while food and beverages incurred the heaviest losses, slipping 0.8% lower.
· Asia Pacific markets were mixed in early trade Friday morning, as investors await the release of China’s third-quarter gross domestic product data — with slowing growth continuing to be a concern amid the ongoing trade war with the U.S.
Australia’s S&P/ASX 200 declined 0.37% in the morning. Over in Japan, the Nikkei 225 rose 0.43% in early trade, while South Korea’s Kospi was up 0.33%.
China’s gross domestic product numbers for the third quarter are set to be out at 10:00 a.m HK/SIN. Beijing’s protracted trade dispute with the U.S. has weighed on its economy, with growth slowing to 6.2% in the last quarter its slowest pace in 27 years.
Reference: Reuters, CNBC
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