Thursday November 26th

26-11-2020

European markets flat with Wall Street closed; AstraZeneca shares edge lower

The Europe Stoxx 600 index opened 0.2% higher before paring those gains. U.S. financial markets are closed Thursday due to the Thanksgiving holiday so trading volumes are likely to be low. Stocks in Asia-Pacific struggled for direction on Thursday as investors reacted to minutes released overnight from the U.S. Federal Reserve’s November meeting. Mainland Chinese stocks were mixed on the day: The Shanghai composite rose 0.22% to about 3,369.73 while the Shenzhen component fell 0.411% to around 13,599.99. Hong Kong’s Hang Seng index ended its trading day 0.56% higher at 26,819.45. Stocks in Japan were higher by their close, as the Nikkei 225 gained 0.91% to 26,537.31 while the Topix index rose 0.6% to 1,778.25. South Korea’s Kospi advanced 0.94% to finish its trading day at 2,625.91. U.S. oil rose for a fifth day on Thursday as a surprise drop in crude inventories extended a rally driven by hopes that vaccines would end the coronavirus pandemic and revive fuel demand. Brent was up by 20 cents, or 0.4%, at $48.81 a barrel, after rising around 1.6% in the previous session. West Texas Intermediate crude was up by 14 cents, or 0.3%, at $45.85, having gained 1.8% on Wednesday. Both benchmarks have risen about 9% this week. Gold prices rose on Thursday as grim U.S. jobs data and worries over surging Covid-19 cases worldwide cast doubts over a quick economic recovery and bolstered the metal’s safe-haven appeal. Spot gold rose 0.3% to $1,811.31 per ounce by 0324 GMT. U.S. gold futures were up 0.2% to $1,808.70. U.S weekly jobless claims rose for the second straight week, data on Wednesday showed, undermining the recovery in the labor market amid rising coronavirus cases and business restrictions.