Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
In the pre-opening, the European markets traded in slight rise. The weak activity and low trading volume, explained by the holiday season in the US (associated with Thanksgiving), should continue to mark today’s session on European markets. The agenda of corporate results and the agenda of macroeconomic indicators haven’t relevant events for today, so the focus should be on the continuing political uncertainty in Germany and on business news that may arise throughout the day.
Yesterday, American markets were closed due to the celebration of Thanksgiving. Today, the session will be shorter, ending at 6:00 p.m. Today’s session is called Black Friday. Thus, this day marks the official start of the shopping season, which coincides with the most profitable period of retail chains. In recent years, with the expansion of online sales the importance of Black Friday has been losing some importance for Cyber Monday. The American Retailers Association estimates that on the first weekend of the shopping season, about 164 million Americans shop. For the shopping mall as a whole, this association expects sales to grow between 3.60% and 4% over the same period in 2016. Faced with this influx, American retailers are expected to recruit about 550,000 people for these days. At the statistical level, since 1928, the S & P has appreciated in 68% of Black Friday sessions, presenting an average increase slightly lower than 0.27%.
With the US markets closed, the Asian stock exchange sessions had a smaller activity. The Japanese market reversed the initial losses and ended with a slight gain after being closed yesterday. To limit the performance of the index were mainly car manufacturers and the industrial sector.