Thursday, 26 November 2015

Asian markets gain on ECB easing prospects | Stock Market Tips

Asian markets rose on Thursday as traders cheered the prospect of fresh monetary stimulus in Europe. The euro hit a fresh seven-and-a-half month low of USD 1.0632 against the dollar in Asian trade after European Central Bank (ECB) officials told Reuters on Wednesday that they were considering unconventional easing measures, such as introducing a two tiered deposit rate, ahead of the bank's policy review next week.

US stocks closed narrowly mixed in low volume trade on Wednesday, the last full trading day of the week. Wall Street will be closed Thursday for Thanksgiving and the stock market closes at 1 p.m. ET on Friday. In economic news, October US personal income ticked up modestly while durable goods soundly topped expectations last month and weekly jobless claims fell more than expected.

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