The trading on Wall Street stock exchanges takes place with slight price increases due to the rise in oil prices, and further to the two weeks of gains after the US elections. The Dow Jones rising by 0.2%, the S&P 500 rising by 0.3%, the Nasdaq rising by 0.3%.
Important note:
The trading week this week will be shortened week.
On Thursday, Wall Street will remain closed for Thanksgiving, while on Friday there will be a short trading day.
In about two hours, the European Bank governor, Mario Draghi, is expected to speech, as investors around the world will try to compile clues relating to the continued quantitative easing program on the continent.
Commodities and Forex
The price of the oil jumps by 2.2% and is trading for 46.7 dollar per barrel.
The US dollar weakened by 0.5% against the major currencies.
The futures contracts on Wall Street signalling gains with the opening of the new trading week.
The German economy grew In the third quarter by 0.2%, after the second quarter in which it grew by 0.7% and in the third quarter by 0.4%.
The third quarter figures sparked concerns that the biggest economy in the Euro zone is on its way to a much more significant weakening.
Commodity market:
There is a rise in the oil prices, after reports that Iraq would offer the countries of OPEC (Organization of Petroleum Exporting Countries) agreement to cut or freeze an oil output.
TWI oil is rising by 1.5% to a price level of 46.4 dollar per barrel.
The Brent oil rising by 1.4% to a price level of 47.5 dollar per barrel.
The European stock markets open the week on the rise.
The FTSE rising by 0.3%, the DAX climbed by 0.1% and the CAC strengthened by 0.2%.
The trading in most Asian markets is rising at the start of the new trading week, at the background of the strengthening the US dollar since the election of Donald Trump for president of the United States two weeks ago,
There are expectations in the market that Trump will lead an economic policy that will lead to a rise in inflation in the US.
Wall Street futures contracts are signalling on a negative opening of the last trading day of this week.
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