GLOBAL MARKETS-Shares rises on factory data, dollar gain on election jitters

* Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh
* Equities rise on strong China, euro zone factory data
* Dollar, gold gain on uncertainty over U.S. election
* Crude edges up off 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 factory data last month
in China and Europe offset news of new COVID-19 lockdowns, while
the dollar and gold rose on simmering uncertainty over the U.S.
presidential election.
Chinese factory activity that expanded at its fastest pace
in a decade and accelerating manufacturing in the euro zone
eased concerns about a resurgent pandemic that drove MSCI's
world equity index down almost 8% over the prior three weeks.
But the dollar hit one-month highs against a basket of peers
as risk sentiment, which has faded 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 also 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 1.13% to 557.2 and its
index for emerging markets stocks .MSCIEF rose 0.93%.
Europe's broad FTSEurofirst 300 index .FTEU3 added 1.52%
to 1,345.63, while on Wall Street, the Dow Jones Industrial
Average .DJI rose 1.35%, the S&P 500 .SPX gained 1.07% and
the Nasdaq Composite .IXIC added 0.36%.
Analysts are concerned 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 $0.16 to $38.1 a barrel.
U.S. crude futures CLc1 gained $0.16 to $35.95 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 0.3% to $1.2902
after hitting its lowest in almost four weeks on news of the
national lockdown. The euro EUR= was last down 0.11%, at
$1.1634.
The Japanese yen JPY= weakened 0.18% versus the greenback
to 104.82 per dollar.
Spot gold prices XAU= rose 0.64% to $1,890.01 an ounce.
The 10-year U.S. Treasury US10YT=RR note fell 2.2 basis
points to 0.8367%.