Charting the Markets: Equities on the Rise Again

European equities rise for a second day, Nestle sinks, and VW's market share in Europe slides after the company is engulfed in an emissions-cheating scandal.

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By Ryan Chilcote

October 16, 2015 at 11:03 AM UTC

This article is for subscribers only.

It's been a good day for global equities. Energy stocks led Europe higher as oil rebounded after a four-day decline. In Asia, the Shanghai Composite Index had its best week in four months on optimism China will accelerate reforms of state-owned companies. The Hang Seng China Enterprises Index advanced 1 percent in Hong Kong, taking its rise since the end of September to 13 percent. Friday’s trading volumes jumped to their highest level since Sept. 2, a sign the market was luring back investors.

European equities rose for a second day after Asian stocks posted gains, extending a rally that’s added more than $4 trillion to global equities this month. And again it's because bad economic news has been good for stocks. A slew of weaker-than-expected economic reports from China, Europe and the U.S. scuttled bets the Fed will raise interest rates this year. Traders put the likelihood of the Fed raising rates before the end of the year at just 30.4 percent. The Stoxx600 has risen close to 4 percent this month. European equities rose despite bad news from Nestle and VW, two of Europe's biggest companies.