Global markets are growing on good statistics for China
Global stock markets have been growing moderately since the publication of good statistics on China’s economy on Friday.
U.S. indices fell to 0.5% on Thursday due to growing uncertainty about the prospects of trade between the U.S. and China and the country’s unemployment statistics. Nevertheless, one of the Forex Club traders was able to earn almost $6 thousand per day by changing the quotes of the S&P indicator.
The number of initial claims for unemployment benefits in the U.S. during the week increased to 218 thousand, while the market expected a less strong growth to 215 thousand.
Asian exchanges on Friday showed growth of indices up to 1.3% on the background of statistics from China. The PMI in the country’s industrial sector rose to 51.7 points in October from 51.4 points a month earlier, with a forecast of a decline to 51 points.
At the same time, market participants were disappointed with the statistics from Japan. Unemployment in the country rose to 2.4% in September from 2.2% in August, although the market was expected to grow to only 2.3%.
European markets are going up on Friday by major indices by 0.2-0.3%. They are deterred from more serious growth by the news that Chinese representatives doubt the possibility of concluding a large-scale trade agreement with the U.S.
The Russian stock market adds 0.6-0.7% against the background of the world oil prices rise. The ruble is growing within 15 kopecks to both the dollar and the euro.