· The Dow Jones Industrial Average .DJI rose 114.75 points, or 0.42%, to 27,462.11, the S&P 500 .SPX gained 11.36 points, or 0.37%, to 3,078.27 and the Nasdaq Composite .IXIC added 46.80 points, or0.56%, to 8,433.20.
All three major U.S. stock indexes posted record closing highs on Monday, extending a recent run of gains on further hopes of a U.S.-China trade deal.
It was the second consecutive session of closing records for the S&P 500 and Nasdaq, and the first closing record for the Dow since July.
After U.S. officials indicated on Friday that a trade deal with China could be signed this month, Commerce Secretary Wilbur Ross said on Sunday that licenses for U.S. companies to sell components to Huawei Technologies Co Ltd would come “very shortly.”
· Optimism over trade talks helped European shares close at their highest level in nearly two years on Monday, while a strong earnings report by Ryanair lifted Irish stocks to a more than one-year high.
Tariff-exposed European miners .SXPP and auto and parts makers .SXAPP shot up almost 3%, taking the pan-European STOXX 600 index up 1% to its highest since January 2018.
· Stocks in Asia edged higher Tuesday morning following record closes overnight on Wall Street.
Shares in Japan led the region following a return from a Monday holiday. The Nikkei 225 jumped 1.57% in early trade while the Topix index also added 1.37%.
In South Korea, the Kospi was 0.15% higher. Meanwhile, Australia’s S&P/ASX 200 shed earlier gains to trade largely flat. The Reserve Bank of Australia is expected to announce its decision on interest rates later on Tuesday at 11:00 a.m. HK/SIN.
Overall, the MSCI Asia ex-Japan index was largely flat.
A private survey of China’s services sector is also expected later on Tuesday, with the Markit/Caixin services Purchasing Managers’ Index for October due around 9:45 a.m. HK/SIN.
Reference: Reuters, CNBC
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