Global Markets Bounce Back in US Holiday Trading

Although US markets declined heading into the Thanksgiving/Black Friday holiday weekend with declines of 0.3% to 0.6% yesterday, stock markets around the world have been bouncing back this morning.

In Europe, the Dax is up 0.7% as German consumer prices showed inflation pressures continue ease, and the FTSE is up 0.1%. Canadian TSX index futures are up 0.1% while US index futures (which close shortly) are up 0.1%-0.3%. Semiconductor stocks have been rebounding on reports that US actions on semiconductor sales to China may not be as severe as previously thought.

Commodity and currency action is mixed today. US Crude Oil is up 0.5%, but Copper is down 0.3%. Gold is up 0.2%, but Bitcoin is down 1.6%.

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