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

(Adds gold, oil settlement 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 U.S. presidential election jitters.
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 soured on fears of a contested election
in the United States 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 with central bank meetings by the
Federal Reserve, Reserve Bank of Australia and Bank of England,
as well as the release of U.S. jobs data for October.
"While Election Day looms, investors seem to be focused on
potential central bank moves" as the RBA on Tuesday and BofE on
Thursday will likely enhance monetary easing programs, said
Yousef Abbasi, global market strategist at StoneX Group Inc in
New York.
Driving equity markets were moves into beaten-down financial
and energy value stocks, while tech-led growth stocks lagged,
which Abbasi said was part of a global trend.
MSCI's global benchmark .MIWD00000PUS of equity
performance in 49 countries advanced 1.21% to 557.64 and its
index for emerging markets stocks .MSCIEF rose 1%.
Europe's broad FTSEurofirst 300 index .FTEU3 closed up
1.59% at 1,346.48, while on Wall Street the Dow Jones Industrial
Average .DJI rose 1.69%, the S&P 500 .SPX gained 1.19% and
the Nasdaq Composite .IXIC added 0.17%.
Analysts are concerned that an unclear election outcome
could cloud the prospect for more fiscal stimulus, 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.
Crude prices rebounded to settle more than 2% higher after
earlier trading sharply lower as renewed coronavirus 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 $1.03 to settle at $38.97 a
barrel. U.S. crude futures CLc1 settled up $1.02 at $36.81 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
More than 46 million people have been infected globally and
over 1.2 million have died from COVID-19, according to a Reuters
tally. The United States leads the world with more than 9
million cases and 230,000 deaths. In currencies, the UK pound GBP= fell 0.34% to $1.2897
after hitting its lowest in almost four weeks on news of a new
national lockdown. The euro EUR= was last down 0.12%, at
$1.1633.
The Japanese yen JPY= weakened 0.14% versus the greenback
to 104.80 per dollar.
Spot gold prices XAU= rose 0.88% to $1,894.46 an ounce.
U.S. gold futures GCv1 settled up 0.7% at $1,892.50.
Yields on the 10-year U.S. Treasury US10YT=RR note fell
1.6 basis points to 0.8434%.