The bullish momentum took a pause in Europe

08:53, 27 November 2020

Markets take a breather from this week’s rally - Thursday Review, November 26

Momentum and lethargy on the global markets

The US

The markets were closed for Thanksgiving.

Gold gained 0.5$ trading at $1,813.80 per ounce.

Crude Oil lost 1.5%, settling at $45.02 per barrel.

Asia and Australia

The progress reported towards an effective COVID-19 #vaccine and the transition to Biden’s administration boosted investor sentiment.

Japan255 jumped 0.47%.

HongKong45 was up 0.21%.

Down under, Australia200 was down 0.36% even though the State of Victoria reported its 28th day without new #COVID-19 cases.

USD/JPY lost 0.2% settling at 104.24.

Europe

Germany30 was flat after the Robert Koch Institute reported more than 32,000 new cases and 300 new deaths for the third consecutive day.

UK100 dropped 0.5% after the country’s finance minister Rishi Sunak announced that the economy could contract 11% this year.

Europe50 lost 0.1%.

Brent Oil fell 1.5% to $47.80 a barrel.

EUR/USD traded at 1.1923 after it gained 0.1%.

EUR/GBP closed 0.2% higher at 89.12

Sources: reuters.com, investing.com

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