On Tuesday, world shares reached their newest high during their climb of record highs and the dollar also climbed along with global bond yields.

MSCI’s 47-country All-World index .MIWD00000PUS, composed of over 2,400 firms, climbed to its peak by a fractional push by Europe’s main bourses and as Wall Street anticipated to reopen at an all-time high. This was MSCI tenth record high since July, cumulating now to over 40 and without a sign of slowing down.

Both currency and bond markets were showing similar signs, especially since the ‘Trumpflation’ trade came back into play. The dollar rose as high as 93.920 .DXY against other top currencies. This was the highest level since mid-August and solidified the idea that Federal Reserve will increase interest rates for the third time this year.

Borrowing costs in the euro zone pushed higher as well.

Southern European bonds continued to disappoint due to political tensions in Spain after Sunday’s independence vote in Catalonia. The vote also affected the euro, falling 0.2 percent to $1.1709 before rebounding to 1.1750.

The euro somewhat maintained by large option expiries valued at about $4 billion between the $1.1750 to $1.18 levels Tuesday.

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U.S. stock index futures were faintly higher with investors focusing on upcoming third-quarter corporate earnings. S&P 500 companies’ Q3 earnings are anticipated to grow 6.2 percent year on year.

There was movement in commodity markets as well.

On Monday, Crude oil futures reported losses due to an increase in U.S. drilling and higher OPEC output brought back the concerns about oversupply.

Brent crude LCOc1 dipped 0.4 percent to $55.90 a barrel, after reporting a third-quarter gain of around 20 percent. U.S. crude CLc1 fell 0.3 percent to $50.42.
Spot gold fell about 0.1 percent to $1,270.06 per ounce, its lowest since mid-August while the dollar maintained improvement.

Industrial metal zinc, which used in galvanised steel and catalytic converters in cars, reached a 10-year high as concerns over production in China hiked up prices.
“It does sound as though the authorities in China are quite serious about this anti-pollution drive,” Capital Economics analyst Caroline Bain said.