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Pound Weakens In Cautious Trade
The pound declined against its most major counterparts in the European session on Friday, as hawkish comments from a policymaker of the European Central Bank overshadowed optimism over slower rate hikes from the Federal Reserve.
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Sensex, Nifty End Choppy Session With Marginal Gains
Indian shares fluctuated before ending on a flat note Friday, as concerns over record-high domestic daily COVID-19 cases in China offset investor optimism over a less hawkish Fed.
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European Shares Mixed As Euro Extends Gains On Hawkish ECB Comments
European stocks traded mixed on Friday, a day after the minutes of the European Central Bank meeting struck a hawkish tone indicating that rates would need to rise further to curb inflation.
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FTSE 100 Slightly Higher In Lackluster Trade
U.K. stocks were slightly higher on Friday as new figures showed U.K. car production returned to growth last month.
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CAC 40 Subdued On Hawkish ECB Comments
French stocks were marginally lower on Friday as trading resumes on Wall Street later in the day after a holiday the previous day for Thanksgiving.
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DAX Little Changed As Euro Maintains Gains
German stocks were subdued on Friday due to the Thanksgiving holiday in the United States. The U.S. markets will close early as trading resumes later in the day.
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Asian Shares Mixed As China's COVID Cases Hit Record
Asian stocks slipped on Friday but posted weekly gains on optimism over a less hawkish Fed. A cautious undertone prevailed amid concerns over record-high domestic daily COVID-19 cases in China.
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more news
German GDP Growth Accelerates More Than Estimated
Germany's economy expanded more than initially estimated in the third quarter, despite weaker global growth, delivery bottlenecks and rising inflation, official data showed on Friday. Gross domestic product grew 0.4 percent sequentially in the third quarter, faster than the 0.1 percent rise in the second quarter. The rate was revised up from 0.3 percent estimated on October 28.
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European Shares To Open On Cautious Note Amid China COVID Surge
European stocks may open on a cautious note Friday as investors weigh easing rate hike worries against a worsening COVID situation in China.
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European Economics Preview: Germany GDP, Gfk Consumer Confidence Due
Quarterly national accounts and consumer sentiment survey results from Germany are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Germany's statistical office Destatis is slated to issue detailed GDP data for the third quarter. According to preliminary estimate, the economy had expanded 0.3 percent sequentially.
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Sensex, Nifty Marginally Lower In Early Trade
Indian shares were subdued on Friday after recent string of gains.
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Asian Markets Mostly Lower
Asian stock markets are trading mostly lower on Friday, despite the broadly positive cues from European markets overnight, as traders largely refrained from making significant moves amid a lack of fresh triggers with the U.S. market remaining closed for Thanksgiving Day. Traders are also concerned about the surge in COVID cases in China weighing on global growth.
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Sensex, Nifty Seen Tad Lower After Recent Gains
Indian shares may open slightly lower on Friday after three days of consecutive gains.
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