Thanksgiving holiday in the US will undoubtedly mean things will be fairly quiet
Trading Floor News November 22, 2012 3:10 PM
<p>- As European Markets continue their recovery, heading into what could be the fourth positive session in a row, the Thanksgiving holiday in the US […]</p>
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- As European Markets continue their recovery, heading into what could be the fourth positive session in a row, the Thanksgiving holiday in the US will undoubtedly mean things will be fairly quiet.
- Positive manufacturing data from China suggests that economic growth has picked up in November providing another boost to European markets.
- Currently we find the FTSE up 26 points at 5777 while the German Dax is up 47 points at 7234.
- As the brewing giant SAB Miller beat market forecasts, their shares are the biggest gainer on the FTSE, currently trading over 5% higher.
- Also stronger are the miners as the Chinese data provides a boost while also leads trades to riskier assets. Evraz are 3.5% higher, Eurasian are over 2% up while Vedanta and Anglo American are both 1¾ % higher.
- On the downside we see Lloyds Banking Group, off around ½% while Standard Chartered is also suffering, around ¼ % down.
- The EU Economic Summit taking place during the day may provide some interesting data for traders to digest but with the US holiday, trading will likely be fairly quiet throughout.
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