LONDON, Nov 24 — World equity markets added to their best month since the Covid vaccine breakthroughs of late 2020 yesterday as Europe digested another far-right election shock and oil skidded after Opec+ postponed its weekend meeting. Traders were getting their moves in despite the annual US Thanksgiving holiday scything volumes but there was plenty to keep them busy while they did it. Slightly stronger than expected German, French and UK PMI data nudged the euro, sterling and bond yields higher, Sweden’s crown dropped as its central bank left rates on hold while Dutch bank stocks fell after anti-European Union far-right populist Geert Wilders scored a huge election win. The PMI beats were “not enough to say we have turned…
Published Date: 2023-11-23
Source: Malay Mail
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