Global shares saw a positive trend on Tuesday following a broad uptick in U.S. stocks, where gains in Big Tech companies helped counterbalance a decline in oil and gas stocks. In early trading, France's CAC 40 rose by 0.3% to 7,580.12, while Germany's DAX increased nearly 0.3% to 19,586.90. The UK's FTSE 100 also showed a 0.3% gain, reaching 8,308.83. U.S. shares were poised for minimal change, with Dow futures down slightly at 42,576.00 and S&P 500 futures inching up to 5,864.00.
Japan's Nikkei 225 index closed with a gain of 0.8% at 38,903.68, while Australia's S&P/ASX 200 and South Korea's Kospi also posted positive movements. Hong Kong's Hang Seng index edged up by 0.5%, but the Shanghai Composite experienced a slight decline. In Japan, the unemployment rate improved to 2.4%, supported by the weak yen, which is aiding Japanese stocks.
In currency trading, the U.S. dollar strengthened against the Japanese yen, while the euro saw a marginal increase against the dollar. The oil-and-gas industry has been impacted by the falling oil prices, with benchmark U.S. crude and Brent crude showing slight gains in Asian trading on Tuesday.
Concerns over the Middle East conflict affecting oil supply have been a key factor in the oil market. Recent events, including Israel's attack on Iranian military targets, have added to market volatility. The price of Brent crude had surged in early October but has since retreated. Financial markets are also bracing for the upcoming U.S. presidential election, with investors closely watching the U.S. jobs report scheduled for release on Friday to gauge the health of the economy.
Overall, the global market outlook remains cautiously optimistic, with various factors influencing investor sentiment and market movements.
