GLOBAL MARKETS 28/10 FRIDAY
Asian shares were mixed as a weaker yen sent Japan's benchmark higher, despite persisting gloom from Wall Street's recent declines. Japan's benchmark Nikkei 225 gained 0.63 percent to 17,446.41 and the Shanghai Composite index lost 0.23 percent to 3,105.48. Hong Kong's Hang Seng was little changed, inching down l0.77 percent at 22,984.81. Australia's ASX 200 dipped 0.22percent to 5,283.84, while South Korea's Kospi fell 0.23 percent to 2,019.42. Shares in Taiwan rose while Southeast Asian Markets were mixed.
European markets closed mixed as the earnings season continues amid heightened expectations that the U.S. Federal Reserve will raise rates in the near-term. The Stoxx Europe 600 index was knocked down 0.27% to 340.80. The U.K.’s FTSE 100 index lost 0.14% to 6,996.26. France’s CAC 40 was up0.33% at 4,548.58. Germany’s DAX 30 index fell 0.19% to 10,696.19.
U.S. stocks fell Friday, ending a week dominated by quarterly earnings reports. The S&P 500 ended down 6.63 points, or 0.31%, at 2126.41..The Dow industrials fell 8.49 points, or 0.05%, to 18161.19 on Friday, and the Nasdaq Composite lost 25.87 points, or 0.50%, to 5190.10.
Oil prices edged lower on Friday on doubts about OPEC's planned output cut. Brent Crude futures were down 69 cents, or 1.4 percent, at $49.78 a barrel. U.S. West Texas Intermediate crude settled down 91 cents, or 2.05 percent, at $48.70 a barrel.
Comex copper prices rose for the fifth consecutive session Friday Oct 28 on better-than-expected US data, while investors prepare to head to London for a week-long conference.Copper for December settlement on the Comex division of the New York Mercantile Exchange climbed 1.45 cents or 0.7% to $2.1780 per pound. Comex gold for December delivery fell $6.20 or 0.5% to $1,263.30 per oz. Comex gold for December delivery fell $6.20 or 0.5% to $1,263.30 per oz.