European stock exchanges world stock markets are trading higher this morning, with investors reacting to new economic data in Europe. European stock exchanges operate in positive territory, as well as New York futures indices.
European economic activity showed slower growth in September, with the purchasing manager index (PMI) Markit at 50.1, down from 51.9 seen in August. Even so, readings above 50 indicate expansion of activity. Prior to that, Spain revised its Gross Domestic Product forecast for a 17.8% drop in the second quarter compared to the previous period, less severe than the previous 18.5% drop estimate.
In Asia, markets closed higher, with the exception of Japan, where the Nikkei fell 0.06%. In China, Shanghai SE rose 0.17%, while Hong Kong's Hang Seng index advanced 0.11% and South Korea's Kospi rose 0.03%.
In the region, investors responded to comments made by Federal Reserve Chairman Jerome Powell on Tuesday. He said the Central Bank remains committed to supporting the economy for as long as necessary. In addition, he warned that the economy could slow down in the coming months without further stimulus from Congress.
International WTI oil futures (NYMEX: CL \ V20) are trading at $ 40.11, up + 0.78%. Brent (NYMEX: BZ \ V20) also operates at an increase of + 0.91%, trading at US $ 42.10.