Associated Press Published 9:11 AM EST Nov 21, 2018 London – Global stock markets recovered their poise Wednesday as investors picked up what they hope are bargains following another round of losses, which dragged U.S. indexes into the red for the year. Oil prices rebounded after a big slide on Tuesday sent U.S. crude prices down to their lowest level in over a year. Keeping score: In Europe, Germany’s DAX index was up 0.9 percent at 11,170 while the CAC 40 in France rose 0.6 percent to 4,953. The FTSE 100 index of leading British shares was 1.1 percent higher at 7,021. U.S. stocks were poised to open firmer too with both Dow futures and the broader S&P 500 futures up 0.6 percent. Thanksgiving: With many traders in the U.S. heading off to their homes for Thanksgiving and the economic dataflow out of the U.S. drying up, trading activity is set to be light. Wall Street is closed on Thursday and there’s an abbreviated session on Friday. Analyst take: “The bleeding seems to have temporarily stopped in this morning’s European session as equities rally along with U.S futures,” said Dean Popplewell, Vice President of Market Analysis at OANDA. “The tech… Read full this story
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