Regional markets including Japan and China shut for public holiday

What you need to know

• Oil prices climb as producers decide against output rise
• European shares open with modest losses, led by Dax
• Euro zone sovereign bond yields flat
• Hong Kong stocks fall on US-China trade concerns
• Australian dollar knocked lower

Equities

European markets have opened lower, led by Germany’s Dax, down 0.4 per cent with carmakers including Volkswagen, BMW and Daimler AG among the main decliners.

We have been increasingly hearing of people passing away in their mid-’90s or their 90 plus birthdays being celebrated. Owing to medical advancements and increasing consciousness about fitness and wellness, we may very well end up pushing our individual mortality to nineties.

Analysts at TD Securities explained that market sentiment was fairly neutral relative to the euphoric sessions in Asia and Europe, with US equities ending the day unchanged while the TSX eked out a 0.1% gain.

These are trying times for the “Fed Model”. This is not necessarily a problem for the Federal Reserve, and perhaps should not be surprising, but it does show that some assumptions that have long been taken for granted now need to be questioned.

Friday was quadruple witching day.

That means that many index futures and options, plus stock futures and options expired.

New York: Global stock markets mostly rose Friday, with London’s equity market benefiting from a weaker pound, as optimism on the US economic outlook outweighed lingering trade war worries.

Investors stung by the sell-off in gold are going to need more than cheap equities and stabilising bullion prices to wade back into mining-company stocks.

Bullion has slipped 8.2% this year as a stronger dollar and expanding global economy diminished demand for the metal as a haven.

DALLAS — America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy.

Global stock markets mostly rose Friday, with London’s equity market benefiting from a weaker pound, as optimism on the US economic outlook outweighed lingering trade war worries.

European equities were all solidly higher at the close. US stocks were mixed, with the Dow rising to a second straight record and the Nasdaq retreating.

It has been an unnerving time for investors with markets showing no clear direction. This month, the benchmark Sensex has gained or lost more than 300 points on six of the 13 trading days.

Friday was particularly volatile, with the Sensex seeing a 1,500-point swing — amid sharp correction in financial stocks — before closing 280 points lower. The immediate trigger was the uncertainty surrounding the future of IL&FS and tighter liquidity conditions. The India VIX, a measure of investors’ perception about the risk of sharp swings based on options prices, rose about 10 per cent to 15.4.