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European stocks rise with U.S markets closed for Thanksgiving

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LONDON, UK – With U.S. markets closed for Thanksgiving, stocks globally were mixed, with modest advances in the UK and Europe, and mainly declines in Asia.

Here is a roundup of Thursday’s closing quotes form around the world:

UK and European Markets Show Positive Momentum

  • FTSE 100 (United Kingdom): The benchmark closed at 8,281.22, up 6.47 points or 0.08 percent, reflecting stability amid market uncertainties.
  • DAX (Germany): Germany’s main index climbed 163.98 points to 19,425.73, an increase of 0.85 percent, as industrial stocks saw renewed interest.
  • CAC 40 (France): France’s leading index rose 36.22 points to end at 7,179.25, marking a gain of 0.51 percent, driven by gains in luxury and technology sectors.
  • EURO STOXX 50: The pan-European index finished at 4,758.65, up 25.50 points or 0.54 percent, supported by strong performances in core economies.
  • Euronext 100: The index gained 8.33 points, closing at 1,429.55, representing a 0.59 percent rise.
  • BEL 20 (Belgium): Marginal growth was observed as the index added 3.15 points to settle at 4,216.92, up 0.07 percent.

Asia-Pacific Markets See Divergence

  • Hang Seng Index (Hong Kong): Declined by 236.17 points or 1.20 percent to 19,366.96, reflecting concerns over economic growth in the region.
  • Nikkei 225 (Japan): Rose 214.09 points, closing at 38,349.06, a gain of 0.56 percent, led by tech stocks.
  • SSE Composite Index (China): Fell 14.08 points to 3,295.70, down 0.43 percent.
  • S&P/ASX 200 (Australia): The index rose 37.60 points, finishing at 8,444.30, a gain of 0.45 percent supported by resource stocks.
  • ALL ORDINARIES (Australia): Increased by 40.40 points to 8,700.00, up 0.47 percent.
  • S&P BSE SENSEX (India): Dropped 1,190.34 points or 1.48 percent to close at 79,043.74, led by declines in IT and financial sectors.
  • IDX Composite (Indonesia): Fell 45.73 points, closing at 7,200.16, down 0.63 percent.
  • FTSE Bursa Malaysia KLCI: Ended at 1,597.49, losing 6.76 points or 0.42 percent.
  • S&P/NZX 50 (New Zealand): Declined by 159.36 points to 13,053.56, a loss of 1.21 percent, driven by weaker performance in healthcare stocks.
  • KOSPI (South Korea): Gained 1.61 points, closing at 2,504.67, up 0.06 percent.
  • TSEC Weighted Index (Taiwan): Declined by 35.88 points, finishing at 22,298.90, down 0.16 percent.

Middle Eastern Markets End Mixed

  • TA-125 (Israel): Dropped 11.70 points to close at 2,294.82, a decrease of 0.51 percent.
  • EGX 30 (Egypt): Advanced 1.33 percent to 30,242.10, marking robust regional performance.

Currency and Regional Indices

  • US Dollar Index: Modestly increased by 0.06 percent to 106.15.
  • British Pound Currency Index: Climbed 0.85 percent to 126.76.
  • Euro Currency Index: Rose 0.76 percent to 105.67.
  • Japanese Yen Currency Index: Surged 1.31 percent to 66.18.
  • Australian Dollar Currency Index: Gained 0.41 percent,to last trade at 64.97.

Outlook

Thursday’s trading underscores the complexity of global markets, with gains in Europe offset by declines in several Asian indices. Investors continue to navigate a landscape shaped by geopolitical tensions and shifting economic data.

Related stories:

Wednesday 27 November 2024 | Dow Jones dips 138 points as stocks rally runs out of steam | Big News Network

Tuesday 26 November 2024 | Wall Street rallies again, Dow Jones closes up 124 points | Big News Network

Monday 25 November 2024 | New record for Dow Jones after Trump Treasury chief pick | Big News Network

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