Sun, 17 Jan 2021

Stock markets trade sidways with Wall Street shut

Conor Trindle
27 Nov 2020, 07:08 GMT+10

LONDON, UK - Global stocks were mixed slightly weaker, trading on low volumes on Thursday, with U.S. markets closed for the Thanksgiving holiday.

"The global rally seems to have paused for now ... while the release of vaccine results is promising, we do not know yet when this pandemic will be completely over," Reuters Thomson reported Hussein Sayed, chief market strategist at trading firm FXTM as saying in a note published on Thursday.

The U.S. dollar remained weak but there was no enhanced selling momentum in Europe after minor gains were recorded in Asia.

In London, the FTSE 100 fell 0.46 percent. The German Dax was down 0.02 percent, while in Paris, France, the CAC 40 lost 0.08 percent.

On Asian markets, The Australian All Ordinaries lost 39.40 points or 0.57 percent Thursday to close at 6,848.80.

The Nikkei 225 in Japan jumped 240.45 points or 0.91 percent to 26,537.31.

In China, the Shanghai Composite rose 7.41 points or 0.22 percent to 3,364.73.

Hong Kong's Hang Seng advanced 149.70 points or 0.56 percent to 26,819.05.

The euro was consolidating above 1.1900 Friday, finishing in London around 1.1913. The British pound was in demand at 1.3358. The Japanese yen edged up to 104.25. The Swiss franc appreciated to 0.9066.

The Canadian dollar was stead at 1.3018. The Australian dollar was range bound at 0.7364. The New Zealand dollar was little changed, at the lofty level of 0.7008.

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