Markets stage Halloween rally after a month of scary losses – business live

All the latest economic and financial news, as spooked investors
try to put ‘Red October’ behind them

8.45am GMT

Despite
today’s Halloween rally
, global markets have suffered their
worst month since the financial crisis.

Figures calculated earlier this week showed that $8 trillion had
been wiped off global stocks in October.

Smart money is running for the hill and this was the message
which October brought for the global equity market. Global stocks
lost over $8 trillion in October, a headline which suits the best
on the Halloween day.

8.39am GMT

Investors are refusing to be spooked on Halloween, says
Connor Campbell of SpreadEX:

With October containing as much red as the goriest of slasher
flicks, the markets oddly chose to rebound on what would have been
an entirely calendar-appropriate day to continue the month’s
trading horrors.

Building on Tuesday’s gains, the FTSE shot up 1.3% after the
bell, allowing the index to cross 7100 for the first time in 3
weeks. It benefited from the market-wide shift in sentiment, which
itself came despite further evidence that the trade war is hurting
the Chinese economy, as
the country suffered a slide in manufacturing activity
.

Source: FS – All-News2-Economy
Markets stage Halloween rally after a month of scary losses – business live