Sunday, October 24, 2021
72.5 F
Fort Worth

Global stocks turn lower in quiet trading after U.S. holiday

🕐 1 min read

SEOUL, South Korea (AP) — European stocks fell slightly and Asian markets edged higher on Friday in subdued trading after U.S. markets closed for the Thanksgiving holiday.

KEEPING SCORE: Britain’s FTSE 100 slipped almost 0.1 percent to 6,826 and France’s CAC 40 fell 0.2 percent to 4,532. Germany’s DAX retreated 0.1 percent to 10,674. Futures showed that Wall Street, which is due to trade for a shortened day after Thursday’s holiday, was set for small gains. Dow futures rose 0.3 percent while S&P futures gained 0.2 percent.

ANALYST’S TAKE: “With U.S. markets closed for Thanksgiving last night and a number of key stocks sitting at resistance levels, the question for traders today will be whether buyers are prepared to act independently of a lead from U.S. markets,” Ric Spooner, chief market analyst at CMC Markets, said in a commentary.

ASIA’S DAY: Asian markets finished higher in light trading. Japan’s Nikkei 225 finished 0.3 percent higher at 18,381.22. South Korea’s Kospi edged up 0.2 percent to 1,974.46. Hong Kong’s Hang Seng index rose 0.5 percent to 22,723.45, while the Shanghai Composite Index closed 0.6 percent higher at 3,261.94. Australia’s S&P/ASX 200 gained 0.4 percent to 5,507.80. Stocks in Taiwan, Singapore and other Southeast Asian markets also advanced.

OIL: Analysts said oil prices will be reacting to whether OPEC members reach an agreement on meaningful output cuts during their meeting next week. Benchmark U.S. crude fell 54 cents to $47.42 per barrel in electronic trading on the New York Mercantile Exchange. The contract closed 7 cents lower on Thursday. Brent crude, used to price international oils, shed 57 cents to $48.43 in London.

CURRENCIES: The dollar remained at a more than eight-year high against the Chinese yuan, which was trading at 6.9145 yuan per dollar. The dollar fell against the Japanese yen, to 112.91 yen from 113.69 yen, while the euro strengthened to $1.0595 from $1.0547.

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate