Friday, 25 November 2016

Markets mixed amid uncertainty outside US

Markets were mixed on Thursday.

While US financial markets were closed for a holiday, the STOXX Europe 600 rose 0.3 percent and the yield on the 10-year German government bond fell to 0.259 percent from 0.277 percent on Wednesday.

In Asia, the Nikkei 225 rose 0.9 percent but the Hang Seng Index fell 0.3 percent and the KOSPI fell 0.8 percent.

“Uncertainty for the rest of the world outside the U.S. is still hanging high,” said Ameet Patel, analyst at Northern Trust Capital Markets.

“As money is sucked into U.S. stocks, we’ve seen a big selloff in many emerging market currencies and many emerging market assets,” said Jane Foley, currency strategist at Rabobank.

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