ASIA/PACIFIC
-The Australian stock market closed higher on Tuesday, powered by energy, IT and industrial stocks after Tesla helped lift Wall Street overnight.
-Asian markets rose as investors parsed Chinese financial policymakers’ speech at an investment summit in Hong Kong.
-Chinese ex-IPO regulator goes missing amid corruption crackdown: China Securities Regulatory Commission emerges as focus of investigation, the Nikkei Asia reported.
. EUROPE
– European stocks closed lower amid an escalation in Russia – Ukraine war and concerns about the outlook for global economic growth rendered the mood bearish.
-Farmers in the UK marched the streets of London on Tuesday over government plans to raise inheritance taxes on farmland.
-Switzerland’s trade surplus stood at 5.97 billion Swiss francs in October, the country’s Federal Customs Administration (BAZG) revealed in a report.
. AMERICAS
North America
– U.S. stocks ended the day mixed as investors awaited key earnings from retailers and chipmaker Nvidia this week.
Latin America
– Leaders of the Group of 20 major economies met in Rio de Janeiro on Monday and called for “comprehensive” ceasefires in Gaza and Lebanon, while also stressing the need for cooperation on climate change, poverty reduction, and taxing the ultrarich.
. AFRICA
-The African Export-Import Bank (Afreximbank) has raised $523 million (¥81.3 billion) in its inaugural issue of a Samurai bond, making it one of the only few African institutions to raise funds in the unique Japanese market, The East African reported.
-Africa Finance Corporation (AFC) has mobilised $300 million in capital from lenders in India and will use the new capital to finance projects across Africa.
-Algeria’s state grains agency OAIC has issued an international tender to purchase a nominal 50,000 metric tons of durum wheat. The deadline for submissions of price offers in the tender is Tuesday, Nov. 19, with offers having to remain valid until Wednesday, Nov. 20, European traders said.
. MIDDLE EAST
-Most stock markets in the Gulf were up in early trade on Tuesday, but Qatar slipped due to losses across most sectors.
-Turkey plans initial public offerings (IPO) for state-owned energy companies to strengthen their institutional structures, Energy Minister Alparslan Bayraktar told a parliamentary commission late on Monday.
-Emirates NBD, the second largest lender in the UAE, has issued a $500 million sustainability linked loan (SLL) bond at initial price thoughts (IPTs) of Treasuries +125 bps area, Zawya reported.
. COMMODITIES
GOLD
Spot gold rose 0.4% to $2,623.54 per ounce by 0246 GMT, the highest since Nov. 12 while U.S. gold futures gained 0.5% to $2,627.60.
SILVER-PLATINUM-PALLADIUM
Spot silver rose 0.5% to a one-week high of $31.32 per ounce. Platinum ticked 0.3% higher to $969.80. Palladium was steady at 1,005.20.
OIL
Brent crude futures for January delivery slipped 7 cents, or 0.1%, to $73.37 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude futures for December delivery CLc1 were at $69.23 a barrel, down 7 cents, or 0.1%. The more active WTI January contract fell 4 cents, or 0.1%, to $69.21, according to Reuters.
