The major European indices are closing the day marginally higher:
- German Dax, +0.22%
- France CAC, +0.20%
- UK FTSE 100, +0.06%
- Spain’s Ibex, +0.34%
- Italy’s FTSE MIB, +0.68%
- Euro Stoxx, +0.30%
For the trading week, Spain’s Ibex led the upside, while the UK FTSE 100 and Italy’s FTSE MIB closed lower for the week. :
- German Dax, +0.69%
- France CAC, 0.81%
- UK FTSE 100, -0.21%
- Spain’s Ibex, 1.82%
- Italy FTSE MIB -0.24%
As London/European traders head for the exit, the CAD is the strongest and the JPY is the weakest. THe USD is also lower with the greenback falling 0.62% vs the CAD, 0.56% vs the NZD, and 0.57% vs the GBP. The Canada retail sales data came in stronger than expected helping to send that currency higher today.
US stocks are muddling along with the S&P above and below unchanged. The Dow is higher. The Nasdaq is lower.
- Dow +0.18%
- S&P -0.03%
- Nasdaq -0.16%.
Crude oil is down -$0.84 at $76.26. OPEC+ is reportedly close to a deal to resolve African oil quota dispute. They will meet on November 30th.
This article was written by Greg Michalowski at www.forexlive.com.