Spreadex Market Update
European markets continue to trade in positive territory
European markets continued to trade in positive territory on thin volumes as the US pause for the Thanksgiving holiday period. US equities will open for half a day, although markets are likely to remain subdued. US futures are indicating a slightly higher open as retailers climb on optimism over holiday sales.
Data from Europe showed unemployment unexpectedly declined in October in a sign that a promising recovery is starting to show its effect on the labour market. The jobless rate fell to 12.1 percent in the 17-nation economy from a record 12.2 percent in the prior month.
West Texas Intermediate crude headed for the longest losing streak in almost five years, amid rising OPEC exports and increased supplies in the U.S., the world’s biggest oil consumer.
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