© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. REUTERS/Brendan McDermid/File Photo
A look at the day ahead in U.S. and global markets from Mike Dolan
As Americans take a quick peek at markets on Friday before resuming a long Thanksgiving weekend, the takeaway will be sustained stock gains, punchier bond yields and a deepening underperformance of Chinese equities.
U.S. financial markets re-open after Thanksgiving for a truncated “Black Friday” trading session, where there will likely be as much focus on demand on High Street as Wall St.
But subdued market volatility, that saw the “fear index” clock a post-pandemic closing low on Wednesday at just 12.75, was helped by signs of some calming of geopolitical tensions. A four-day ceasefire between Israel and Hamas appeared to be holding shakily on Friday with no major reports of attacks, although both sides were accused of violations.
Oil prices, which had lunged sharply lower again over the past two days amid a chaotic postponement of this weekend’s OPEC+ meeting, held steady on Friday and hovered just above $76 per barrel.
But with…
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