European Stocks Close Mostly Higher nasdaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nasdaq.com Daily Mail and Mail on Sunday newspapers.
European stocks closed mostly higher on Tuesday, gaining in strength after a cautious start, with investors digesting a slew of regional economic data, and looking ahead to fresh data from the U.
Bitcoin price made a few attempts to gain strength above $37,750 and $38,800. However, BTC failed to extend gains and started a downside correction below $37,500.
Global financial markets are experiencing subdued activity in Asian session today, with market participants scaling back their activity in light of the Thanksgiving holiday. Major US stock indexes managed to close higher overnight, yet there's a palpable reluctance among investors to propel these indexes to new highs for the year. In contrast, Asian markets are demonstrating mixed reactions, oscillating within tight ranges without clear directional trends.
PMI data are the main drivers in the forex markets today, particularly lifting Sterling and, to some degree, Euro to higher positions. The bounce in Sterling is chiefly attributed to UK services sector bouncing back into expansion territory, a sign of economic resilience. Additionally, the severity of manufacturing recession in UK seems to be diminishing, offering further support to the currency.