Spreadex Market Update
Asian equities continued their advance overnight
Asian equities continued their advance overnight, with the Nikkei 225 closing at the highest level since 2007. Export stocks led the gains following better than expected US jobless claims and as the yen touched a sixth-month low against the dollar.
The tech-heavy NASDAQ again finished on 13 year highs, getting its biggest boost from Apple which was up 2.4 percent to $545, the highest level since January. Hewlett-Packard shares jumped 9 percent, helping technology stocks across the board after the company reported stronger-than-expected results.
Volumes are likely to remain low for the rest of the week as the US pause for Thanksgiving and Black Friday. European stocks are indicting a very quiet open, with the FTSE trading unchanged since yesterdays close.
WTI Crude traded near the lowest price in almost six months following data from the Energy Information Administration which showed crude supplies climbed by 2.95 million barrels to 391.4 million, the highest level since June.
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