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European shares concluded Friday higher, extending a strong weekly and monthly advance. Optimism surrounding potential U.S. rate cuts fueled gains, with the banking sector notably performing well. Basic Resources also led Friday's rise, driven by record copper prices, while aerospace and defence stocks faced pressure amid Ukraine peace talks.
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News and Media
U.S. Treasury yields edged higher on Friday amidst thin trading volumes following the Thanksgiving holiday and a significant CME Group trading platform outage. While futures trading resumed after an 11-hour shutdown, markets remained subdued. Investors are anticipating a potential Federal Reserve interest rate cut, leading to a slight steepening of the yield curve as the month concludes.
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News and Media
Andriy Yermak's removal deals a serious blow to Zelensky, who faces a mounting Russian offensive in the east as Washington peddles a plan to end the war that Kyiv fears will hand big concessions to Moscow.
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News and Media
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