Daewoo Global Markets US Markets Eurozone European stocks posted solid gains by Tuesday's close, as investors cheered on the sharp uptick in mining stoc ks, while digesting the latest batch of earnings reports. Commodities provided a helping hand in European trade on Tuesday, with basic resources posting gains of up to 3 percent as a sector.Glencore, Rio Tinto and BHP Billiton all posted gains of above 2 percent, boosted by a soft er dollar. Elsewhere, crude prices fluctuated during trade, initially supported by a weaker dollar and the belief that overs upply in global markets could be moderating. Brent last stood around $51.50, while U.S. crude hovered around $ On the data front, U.K. inflation data for September showed a 1 percent increase year-on-year, ahead of cons ensus forecasts for an upward move of 0.9 percent Stocks closed higher on Tuesday, helped by stronger-than-expected quarterly reports and after mixed inflati on data. The Dow Jones industrial average rose points at session highs before closing approximately 75 points hig her, with UnitedHealthcontributing the most gains to the tune of 59 points. That said, IBM shaved off about 26 points on the Dow. With 52 S&P components having reported as of Tuesday morning, third-quarter earnings have shown growth of 8.19 percent, according to data from The Earnings Scout. Of the 52 firms that have reported, 83 percent ha ve beaten bottom-line estimates, the data also showed. On Monday after the close, streaming giant Netflix beat expectations on both lines, bolstered by internat ional subscriber growth that blew away any guidance. Netflix shares rose nearly 20 percent Tuesday, posting its best day since April On the data front, the Labor Department said on Tuesday its Consumer Price Index rose 0.3 percent, meeti ng expectations. That said, the so-called core CPI rose just 0.1 percent, missing expectations. An index of home builder sentiment slipped two points in October, after surging to its highest in a decade in September.
Daewoo Indonesia Equity Movers (October 18, 2016) Investment Information Team *ASII +3%, gains most in more than 2 weeks after report Astra's car sales in Sept rose to 55,452 u nits from 47,526 units year ago. Its market share rose to 60% from 51% percent over the period. *ASRI +5.8%, posted the largest increase in LQ45. Property stocks rose ahead of the announcem ent of Bank Indonesia 7D Reverse Repo on October 20. A survey of 25 economists, 13 economist s predicts remained at 5% and 12 economists predicted down to 4.75%. *GREN -1.6%. Evergreen plans to use proceeds from IDR40t rights issue to buy assets for new bu sinesses in warehousing, property and livestock. *PTBA -1.8%. Co’s share price had touched a new high at 13,000, but then fell before the closing with foreign recorded a net sell of IDR17.1 billion. *BNII -2.4%. Maybank Indonesia Finance will offer 3-year bonds worth IDR800 billion (8.3%) and 5-year bonds worth IDR300 billion (8.8%).