Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
Today was marked by a weak activity in the European markets, explained by the closing of the American stock exchange, due to the celebration of the “Thanksgiving” in the country. Thus, the variations in the main stock indexes were quite contained, and the utilities sector was negatively highlighted, due to the announcement of some business results. Shares of Britain’s Centrica fell more than 15% after it announced that it had lost 823,000 customers in 4 months. On a counter-cycle, France’s EDF rose 5.80%, after revealing that the French Finance Minister was considering some options regarding the restructuring of the company, namely the spin-off of its nuclear power generation activities. Rising prices of some metals provided gains to producers of raw materials, after pressure on Asian markets. In Germany, Thyssenkrupp rose more than 3%, after reporting that it had the highest number of orders in the last 5 years, boosted by record demand for lifts and car components. At the macroeconomic level, PMI activity indicators for the Euro Zone outperformed the estimates: the economic activity index stood at 57.50 (vs. 56.00 estimated), the PMI for the manufacturing sector reached 60.00 (vs. 58.20 forecast) and same indicator but referring to the services sector reached 57.50 (vs. 56.00 expected).