U.S. stocks rose amid deal news, as major averages pared losses after a brutal month of selling. The dollar advanced versus the euro as political uncertainty hit Germany, while Treasuries edged lower.
The S&P 500 Index jumped 1.3 percent at of 9:31 a.m. New York time, the largest climb in almost two weeks.
The S&P 500 headed for just its sixth advance in October and remains on track for its worst month since 2010. The Nasdaq indexes outperformed after IBM’s $33 billion purchase of Red Hat Inc. jolted tech shares higher. Brazilian assets rallied after a Jair Bolsonaro swept to power. The Stoxx Europe 600 Index rallied after HSBC Holdings Plc earnings beat expectations, and extended gains as automakers surged on news China may cut taxes on car purchases by half. Earlier in Asia the mood had been more cautious, with shares falling in Tokyo, China and South Korea.
Source : Bloomberg