ThinkForex - Analytics

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    Market rally continues across the globe

     

     

    Positive trading sentiment has pervaded many markets in the week so far.

     

    Major markets are moving in an upward direction at the start of the fourth quarter, bringing widespread gains to investors across the globe.

     

     

    A shift from the uncertainty and instability of recent months has been a welcome change for many analysts, and the associated increase in confidence has translated into ongoing gains in many major commodities as well, with oil one of the strongest benefactors to date.

     

     

    Both Brent crude and US light crude values had risen by mid-afternoon on Wednesday (7 October 2015), with price growth reflecting the more general positive sentiment that has been a significant factor of trading so far this week.

     

     

    It is not just commodities that are gaining on the back of this welcome shift though, as major markets too are performing strongly.

     

     

    Indeed, Reuters reports an unnamed strategist at Morgan Stanley wrote in a client note today: "We think we're setting up for a strong fourth quarter rally, even if the next few weeks remain volatile ... We are starting to see a rollover in momentum strategies and we expect this to continue."

     

     

    Australia's ASX All Ordinaries Index continues to perform well in the wake of this positive sentiment, with the market's latest full trading session delivering growth of 0.57%.

     

     

    Elsewhere, markets in Europe have shown ongoing strength to build on positivity witnessed during the first half of the week.

     

     

    The UK blue chip index the FTSE 100 was up by 0.56% by 3.46 pm BST, while Germany's DAX Index had registered growth of 1.26% by this time and the French CAC 40 was also up by 0.78%.

     

     

    Asian markets too are performing well in this new atmosphere of global uplift, with the latest full session delivering growth for China's beleaguered Shanghai Composite Index (up 0.5%) and for Hong Kong's Hang Seng Index (up 3.13%).


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