Friday, 29 November 2013

Stocks Higher Ahead of a Shortened Session

After breaking for the Thanksgiving holiday yesterday, the domestic equity markets are moving higher in early action ahead of an abbreviated session to close out the week, as all U.S. markets will close early today. Treasuries are moving modestly lower, with the domestic economic calendar void of any major releases today. Gold is higher, along with crude oil prices, while the U.S. dollar is trading modestly lower. Overseas, Asian stocks finished mixed in subdued action amid the holiday schedule in the U.S. and ahead of this weekend's Chinese manufacturing report. Finally, an unexpected dip in eurozone unemployment and a hotter-than-expected read on the region's consumer price inflation are helping buoy the European equity markets.

Source: Schwab

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