MARKET ROUNDUP (Source Bloomberg)
The U.S. markets are closed for the Thanksgiving holiday.
European Stocks Advance on China Manufacturing Expansion; posting the longest winning streak in five weeks, after a report signaled Chinese manufacturing expanded for the first time in 13 months. Euro-area factory output contracted less than economists had estimated, another Markit report showed. The measure of manufacturing climbed to 46.2 this month from 45.4 in October. That beat the average economist estimate of 45.6 in a Bloomberg survey. Separate manufacturing PMIs for Germany and France, Europe’s two biggest economies, also beat projections. France’s CAC 40 increased 0.6 percent, the U.K.’s FTSE 100 rose 0.7 percent and Germany’s DAX jumped 0.8 percent.
Oil Heads for Third Weekly Gain on Mideast Concern, U.S. Supply; renewed concern about the threat to Middle East supplies and U.S. crude stockpiles unexpectedly dropped. There was no settlement yesterday because floor trading was closed for the Thanksgiving holiday. Crude for January delivery traded at $87.10 a barrel, down 28 cents, or 0.3 percent, in electronic trading on the New York Mercantile Exchange at 7:32 a.m. in Singapore. The contract climbed 63 cents Nov. 21 to $87.38. Prices are down 12 percent this year.
Source:Jupiter Securities Research, 23 November 2012
No comments:
Post a Comment