ASIA/PACIFIC
-The Australian stockmarket end higher for a third day running after billionaire retailer Solomon Lew struck a deal with Myer to sell his apparel brands business in a $950 million deal.
-Asian stocks ended mixed on Tuesday as Japanese unemployment rate for September clocked in at 2.4%, lower than estimates.
-Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts told CNBC.
. EUROPE
-Major European stock markets opened higher on Tuesday after BP PLC and HSBC Holdings PLC announced better-than-expected third-quarter results.
-European Central Bank (ECB) Vice-President and member of its Governing Council Luis de Guindos told ANSA in an interview that, at the moment, the Frankfurt-based institution cannot offer any “good news” on the Eurozone’s economic growth in the foreseeable future.
-GfK research company expects German consumer confidence to rise in November, going from October’s negative 21.2 to negative 18.3 points.
. AMERICAS
North America
-U.S. sstock futures were muted early Tuesday as investors’ mood is fueled by upcoming earnings reports from major tech companies. This week marks the busiest in the third-quarter earnings reporting season, and is the final week leading up to the U.S. presidential election on Nov. 5 and the Federal Reserve’s policy decision on Nov. 7.
Latin America
-Emerging markets at risk from rising global threats, Chile’s central bank governor told Latin Finance.
-Argentina’s financial landscape is showing signs of improvement as the country’s risk index, a key measure of economic health, has dropped to a 5-year low.
. AFRICA
-The Egyptian Exchange (EGX) eyes new index and capital hikes to boost market liquidity EGX Chairman Ahmed El-Sheikh told Asharq Business.
-The Nairobi Securities Exchange (NSE) will introduce Options Derivatives trading on NEXT, the NSE’s Derivatives Market, following approval from the Capital Market Authority.
-International Finance Cooperation (IFC) and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing.
. MIDDLE EAST
-Oman’s record IPO of OQ Exploration and Production disappointed on debut on Monday with shares closing 8.2% below issue, amid falling oil prices IFR reported.
-UAE’s energy giant ADNOC began on Friday takeover of German chemicals maker Covestro AG. The takeover offer ends on 27 November 2024.
-Saudi Aramco is expected to see a drop in net profit year-on-year (YoY) in Q3 2024 on “weaker upstream realisations, lower refining margins and expected inventory losses”, according to Citi Reseaarch.
. COMMODITIES
GOLD
Spot gold was up 0.5% at $2,755.42 per ounce, as of 0226 GMT on Tuesday while U.S. gold futures
gained 0.4% to $2,768.10, according to Reuters.
OIL
Brent crude futures climbed 44 cents, or 0.6%, to $71.86 a barrel by 0025 GMT on Tuesday, while U.S. West Texas Intermediate crude was at $67.83 a barrel, up 45 cents, or 0.7%. Both contracts tumbled 6% on Monday, the biggest decline in more than two years on signs the war in the Middle East would not widen.
