Thursday is the Thanksgiving holiday in the United States, and U. S. stocks and Treasuries are closed all day. Turnover in Europe was light during Thanksgiving. U. S. stock futures and most European stock indexes rose. The dollar index fell slightly, still close to a 16-month high, and is set to rise for the fifth consecutive week this week.
The epidemic is serious in some European countries, with a total of more than 100000 deaths in Germany, which nearly followed Austria's lead in imposing a national blockade. Led by defensive sectors such as public utilities, European stocks still rebound tenaciously. The utility sector has benefited from the fact that the new German government will step up climate protection, speed up the use of renewable energy and reduce coal-fired power. The technology sector, which had been hit by rising European bond yields for days, ended five days lower. French cognac giant Ren Ma Jundu Group, which performed better than expected, rose more than 10%, becoming the biggest driver of the pan-European stock index.
The message from the minutes of the ECB's October meeting released on Thursday is similar to recent inflation-related statements by ECB policy makers. The market reacted calmly to the minutes of the meeting. Investors continued to pay attention to the signals to be sent by the ECB as enthusiasm on Tuesday and Wednesday to bet on the ECB to raise interest rates next year was temporarily suspended because of the risk of rising inflation, with European government bonds rising collectively and yields falling for the first time in three days.
Among commodities, international crude oil generally stabilized, Brent crude fell slightly, the Russian foreign minister said the United States was trying to persuade Russia to increase oil production, while the OPEC consultancy recently predicted that multinational oil reserves could lead to an increase of 1.1 million barrels per day of excess crude oil early next year. JPMorgan Chase & Co expects that OPEC+ operations will be suspended from January to March next year due to the dumping of stockpiles by many countries and the reduction of demand for OPEC+ operations by the epidemic in Europe.
After the government of Germany, Europe's largest carbon dioxide emitter, said it would set a long-term minimum price to prevent domestic carbon prices from falling below 60 euros per tonne, the futures price of carbon emissions permits under the European Union's carbon emissions trading system hit an all-time high for the second day in a row.
After the National Development and Reform Commission announced a forum to study the long-term mechanism of regulation and control to prevent the rise and fall of coal prices, domestic coal commodity futures, which were not optimistic about the fundamentals of supply and demand, were limited during the day, and fell across the board at night. Coking coal, which rose more than 6% during the day, fell nearly 2%, and another black iron ore fell more than 6%.
Base metals rose and fell. Lunxi Copper hit an one-month intraday high on Thursday after signs of a pick-up in real estate loans in China, but failed to keep rising. Lunni and Lunxi, which have been rising for days, fell to seven-year highs and all-time highs, respectively.
Us stock futures rise pan-European stock index two consecutive gains German stocks end four consecutive falls off three-week trough tourism stocks continue to lead utilities to lead gains France's Remy Martin is up more than 13%
All three major U.S. stock index futures rose, with Dow futures up less than 0.1% at 13:00 EDT on Thursday, with S & P 500 and Nasdaq 100 futures up more than 0.1% and 0.2%, respectively.
The pan-European stock index rose for two days after ending four consecutive losses. The European Stoxx 600 index closed 0.42 per cent higher at 481.72, further away from Tuesday's closing low of more than 1 per cent since November 1st.
Among the stocks, French cognac giant Ren Ma Jundu Group, which made higher-than-expected profits in the first half and raised its full-year guidance due to stronger-than-expected demand for high-end products, closed up 13.4%, leading to a rise in Stoxx600 shares. Shares of Evolution, a Swedish online gaming company, closed down about 16% after it launched an internal investigation after it was accused of doing business in a country where gambling is banned, with the biggest decline among the Stoxx 600 stocks. Elekta, a maker of radiotherapy equipment, rose 5.7 per cent in the quarter to October, where profits fell less than expected. Swiss insurance giant Swiss Life, which announced it would buy back 1 billion Swiss francs and increase its dividend payout ratio, rose 3.6 per cent. Adevinta, a Norwegian classified advertising giant with lower-than-expected revenue in the third quarter, fell 7.2 per cent.
Of the Stoxx 600 sectors, only five closed down on Thursday, with tourism and leisure down more than 1 per cent for the second day in a row, while telecom, which led the rise on Wednesday, fell more than 0.6 per cent. Basic resources in the sectors of cars and mining stocks fell about 0.4 per cent and 0.25 per cent respectively, while retail fell less than 0.1 per cent. In the rising sector, public utilities up more than 1.7% and real estate up nearly 1.2% led the rise, food and beverages rose nearly 1%, leading the rise, technology rose nearly 0.6%, closed up for the first time in the last six trading days, and chemicals and insurance, which were at the bottom of the increase, rose less than 0.1%.
Major European stock indexes rose sharply on Thursday, with British stocks rising for four days in a row, reaching their highest level since Wednesday, November 17, while German and French stocks ended their four-day losing streak, emerging from Wednesday's lows since November 1 and November 5, respectively. Western stocks bid farewell to two days of losses, while Italian stocks, which rebounded on Wednesday, fell slightly. Germany's DAX 30 index closed up 0.25%, France's CAC 40 index rose 0.48%, Britain's FTSE 100 index rose 0.33%, Italy's FTSE MIB index fell 0.04%, and Spain's IBEX 35 index rose 0.56%.