Banks hit Triple Bottom support, page-98

US economic news

To US economic news, there was a surge of positive employment data with the private job sector read beating economists’ expectations, adding 200,000 new jobs in September. The read suggests the jobs growth may just be enough to warrant a rate hike by the Fed at the end of the year.

Global markets

Wall Street closed up yesterday: The Dow Jones Industrial Average gained 1.5 per cent to close at 16,285, the S&P 500 gained 1.9 per cent to close at 1,920 and the NASDAQ was up by 2.3 per cent to close at 4,620.

European markets closed up: London’s FTSE gained 2.6 per cent, Paris was also up by 2.6 per cent and Frankfurt was up by 2.2 per cent.

Asian markets closed higher: Tokyo’s Nikkei added 2.7 per cent, Hong Kong’s Hang Seng gained 1.4 per cent, and China’s Shanghai Composite increased 0.5 per cent.

Copper has gained 9 cents to $2.34 a pound.
Oil has gained 13 cents to $45.36 a barrel for November light crude in New York.