
The futures contracts on leading indices on Wall Street traded now without significant movement, this is signalling that the local markets trading is expected to open with steady trend.

The futures contracts on leading indices on Wall Street traded now without significant movement, this is signalling that the local markets trading is expected to open with steady trend.

Europe – PMI Markit weighted for November stood at 54.1 points, the highest figure recorded in 2016, and significantly higher than economists’ forecasts of 53.3 points.

The European stock markets opened the trading day with a mixed trend but with a tendency to increase.
It is a continuing to the rising prices that have signed yesterday trading day on Wall Street and a to the mixed trend in Asian stock markets this morning.

The Asian stock markets are rising as a result of optimism that the global economy is strong enough to withstand an interest rate increases in the US.
Hong Kong rising by 0.4% , Shanghai adds 0.2%, Singapore rising by 0.5%.

The oil prices are declining after OPEC postponed the decision on limitation of oil production, due to disagreements about Iraq and Iran Participation Agreement.

The Dow Jones ended yesterday above the level of 19 thousand points after the index rose by 0.35%.
The S&P 500 rose by 0.2%, closing above 2,200 points and the Nasdaq added 0.3%.

October’s USA existing home sales surged to a record of nearly 10 years, sales record an annual rate of 5.60 million, an increase of 5.9% compared to October 2015.
This is the highest figure since February 1997.
The sales also surpassed the original forecast of 5.42 million.

Positive opening on Wall Street as when the Dow Jones crossed the 19,000 threshold pts.
The S&P crossed the 2,200 points while oil is at the highest level in a month.

After a positive ending to the trading day yesterday,as when on Wall Street climbed to a fresh record highs, the trading today is expected to continue with the positive trend, as the futures contracts traded are rising.

The European stock markets trade is conducted with higher prices, due to the continued rise in oil prices.
The FTSE is rising by 0.8%, the DAX adds 0.6% and the CAC rising by 0.8%.