LONDON – Global stock markets recovered their poise Wednesday when investors picked up what they hope is finding another loss…
LONDON – Global stock markets recovered their poise Wednesday when investors picked up what they hope is finding another loss round, which pulled US indexes for the year’s red. Oil prices recovered from a big slump on Tuesday, US raw prices sent down to their lowest level for over a year.
Holds points: In Europe, Germany’s DAX index rose by 0.9 percent to 11 170, while CAC 40 in France increased 0.6 percent to 4.953. The FTSE 100 Index for leading UK shares was 1.1 percent higher to 7,021. US stocks were ready to open more fast with both Dow futures and the broader S & P 500 futures up 0.6 percent.
THANKS: With many US merchants going to their homes for Thanksgiving and the US economic data flowing, the trading activity is becoming bright. Wall Street is closed on Thursday and it is a shortened session on Friday.
ANALYSIS: “The bleeds seem to have temporarily stopped tomorrow’s European session when stocks rally along with US futures,” said Dean Popplewell, Vice President of Market Analysis at OANDA. “The technology sector and the automated companies are currently conducting capital advances.”
BREXIT WATCH: Even if the United States will enjoy a few days, it’s all over the world, especially in Europe. Britain’s Prime Minister Theresa May goes to Brussels on Wednesday to meet European Commission President Jean-Claude Juncker in an attempt to complete a Brexit agreement as she continued to fight domestic critics in the draft agreement.
ITALY SE: Separate European Commission warned Italy on Wednesday that the financial plans are in violation of the rules governing the euro’s single currency and that the country may face legal action. The European Union’s executive arm that oversees national budget plans has asked euro countries to review their assessment in two weeks and if they agree, the Commission would launch an so-called “excessive deficit” against Italy.
Asia’s Day: Japan’s benchmark Nikkei 225 fell 0.4 percent to 21
,507.54. Kospi in South Korea was down 0.3 percent at 2,076.55. Hong Kong’s Hang Seng Index increased 0.5 percent to 25,971.47, and Shanghai Composite increased 0.2 percent higher to 2,651.51. Australia’s S & P / ASX 200 lost 0.5 percent to 5,642.80.
ENERGY: Oil prices recovered Wednesday after stumbling upon concerns about rising assets and softening global growth. Benchmark US raw material increased $ 1.32 to $ 54.75. The contract dropped $ 3.77 to close to $ 53.43 in New York, the lowest price of more than a year. Brent crude, the international standard traded in London, advanced $ 1.34 to $ 63.87, a day after it fell $ 4.26 in London.
QUOTE: “With a glut of raw looking for the coming year, markets will keep an eye out for another US inventory built today after the longest continuous period of stockholding growth since 2015,” said Joshua Mahony, IG market analyst.
CURRENCIES: The euro was 0.3 percent at $ 1,1406 while the dollar was 0.3 percent at 111.08 yen.