Another quiet session ahead of the weekend
|With US markets only open for half a day, global markets saw a lacklustre, low volume session says Axel Rudolph, Senior Market Analyst at online trading platform IG.
Germany on track for double-dip recession
“Stocks lacked direction in low volume, low volatility trading as US private sector activity expanded marginally and German IFO business morale improved less-than-expected. Indices, except the FTSE 100, rose for a fourth consecutive week despite Europe's economic engine heading towards a double-dip recession as Germany's final Q3 quarter-on-quarter GDP dropped to -0.1% as forecast."
Global yields bounce off their multi-month lows
“Global yields recovered form their November lows amid low volume trading ahead of next week when a large number of US Treasuries will be up for sale. This didn't seem to help the Us dollar, though, which continued to slide. Commodities such as oil, gold and silver also traded in low volatility, low volume ranges ahead of next week's postponed OPEC+ meeting which will now take place on 30 November."
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