Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Top 5 Things to Know Today

Published 11/26/2015, 05:56 AM
Updated 11/26/2015, 05:56 AM
© Reuters.  Top 5 Things to Know Today In Financial Markets

© Reuters. Top 5 Things to Know Today In Financial Markets

Investing.com - Here are the top five things you need to know today in financial markets:

1. Global shares edge higher in quiet trade

Global stock markets edged higher in quiet trade on Thursday, as growing hopes the European Central Bank will announce additional stimulus measures at its meeting next week underpinned sentiment.

Asian stocks ended mostly higher, amid hopes for fresh European stimulus.

In Europe, equities rose to a three-month high as investors anticipated more stimulus from the ECB when it meets next week.

Meanwhile, U.S. markets will be closed Thursday for the Thanksgiving holiday and Friday will be a half day, resulting in low liquidity and thin trade conditions.

2. Euro holds near 7-month lows

The euro slid against the dollar on Thursday, re-approaching seven-month lows amid heightened expectations that the European Central Bank will announce further monetary stimulus measures at its upcoming meeting next week.

Reuters reported Wednesday that the ECB could broaden the scope of its bond-buying program or implement a two-tier penalty charge on banks that leave cash with it.

3. Copper jumps 4%

Copper prices surged on Thursday, along with other base metals such as nickel and zinc, as China regulators were said to consider a probe into metal short-selling in the local market.

Prices received another boost amid reports that Chinese smelters are planning a meeting to consider taking action against falling prices.

4. Gold struggles near 6-year lows

Gold struggled near six-year lows in holiday-thinned trade on Thursday, after a recent batch of upbeat U.S. economic data reinforced expectations for a Fed rate hike next month.

Trade volumes were expected to remain light on Thursday, with Comex floor trading scheduled to remain closed for Thanksgiving. An abbreviated session was slated for Friday.

5. Oil edges lower as oversupply concerns persist

Oil prices edged lower on Thursday, as oversupply concerns remained a factor for oil markets. The oil market has been on the defensive in recent months amid uncertainty about how quickly the global glut of crude is set to shrink.

OPEC will meet on December 4 to review their output strategy. Global oil production is outpacing demand following a boom in U.S. shale oil production and after a decision by OPEC last year not to cut production in order to defend their market share.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.