GLOBAL MARKETS-Shares rise on factory data, dollar gains on election jitters

(Adds U.S. manufacturing data; updates prices)
* Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh
* Equities rise on strong U.S., China, euro zone factory
data
* Dollar, gold gain on uncertainty over U.S. election
* Crude rises off early lows due to virus demand concerns

By Herbert Lash
NEW YORK, Nov 2 (Reuters) - Global equity markets recovered
from one-month lows on Monday as robust U.S., China and euro
zone factory data offset news of new COVID-19 lockdowns, while
the dollar and gold rose on skittishness over the U.S.
presidential election.
U.S. manufacturing activity accelerated more than expected
last month, with new orders jumping to their highest in nearly
17 years, while Chinese factory activity expanded at its fastest
pace in a decade and euro zone manufacturing also quickened.
The PMI surveys eased growing concerns about global growth
in the face of a resurgent pandemic that had pushed MSCI's world
equity index down almost 8% over the prior three weeks.
Still, the dollar hit one-month highs against a basket of
peers as risk sentiment, which has grown over the past week,
remained sour on election jitters and as expected volatility in
major currencies rose to its highest level since April.
U.S. Treasury yields mostly drifted lower as investors
braced for an eventful week that includes a Federal Reserve
meeting and the October unemployment report.
"A lot is going to depend on the outcome of the election and
we might not get that outcome tomorrow night," said Kim Rupert,
managing director of global fixed income analysis at Action
Economics in San Francisco.
MSCI's global benchmark .MIWD00000PUS of equity
performance in 49 countries advanced 1.01% to 556.56 and its
index for emerging markets stocks .MSCIEF rose 0.88%.
Europe's broad FTSEurofirst 300 index .FTEU3 added 1.59%
to 1,346.48, while on Wall Street the Dow Jones Industrial
Average .DJI rose 1.28%, the S&P 500 .SPX gained 0.90% and
the Nasdaq Composite .IXIC dropped 0.04%.
Analysts are concerned that an uncertain election outcome
could cloud the prospect for more fiscal stimulus and its size,
which likely will depend on which party has a Senate majority.
Republican President Donald Trump trails Democratic
challenger Joe Biden in national opinion polls, but polls in the
swing states that will decide the election show a closer race.

The VIX volatility index .VIX , which rose to its highest
in four months last week, eased almost half a point to 37.55.
Renewed lockdowns in Europe and parts of the United States
have dimmed the outlook for fuel consumption, keeping crude
prices well under $40 a barrel.
Brent crude futures LCOc1 rose $0.78 to $38.72 a barrel.
U.S. crude futures CLc1 gained $0.75 to $36.54 a barrel.
Brent earlier had slumped to $35.74 a barrel, a level not
seen since late May. U.S. crude slid as low as $33.64. O/R
Coronavirus cases surged last week, with Europe crossing the
bleak milestone of 10 million total infections, while a record
surge in U.S. cases is killing up to 1,000 people a day.
In currencies, the UK pound GBP= fell 0.34% to $1.2897
after hitting its lowest in almost four weeks on news of the
national lockdown. The euro EUR= was last down 0.19%, at
$1.1625.
The Japanese yen JPY= weakened 0.18% versus the greenback
to 104.84 per dollar.
Spot gold prices XAU= rose 0.84% to $1,893.66 an ounce.
Yields on the 10-year U.S. Treasury US10YT=RR note fell
1.7 basis points to 0.8417%.