Markets rise as post-Thanksgiving rally seen

Markets rose on Monday.

The S&P 500 surged 1.6 percent, the STOXXX Europe 600 jumped 1.2 percent and the Nikkei 225 rose 0.7 percent.

“All indications are that the holiday shopping sales are robust, and consumer discretionary is catching a little bit of a break today,” said Art Hogan, chief market strategist at B Riley FBR.

Seasonality could also be helping. A CNBC report said that the US stock market usually rises from Thanksgiving to Christmas.

However, non-US stocks could be even better bets.

Morgan Stanley said that it has upgraded emerging market stocks from "underweight" to "overweight" while downgrading US stocks to "underweight".

Meanwhile, Michael Brush writing at MarketWatch suggested that European bank stocks are looking attractive after having been heavily beaten down. “I think it’s a great buying opportunity,” he quoted Ian Lapey, who manages the Gabelli Global Financial Services Fund, as saying.