MARKET REVIEW

Asian Shares Mixed With The Shanghai Composite Down Slightly In Thin Trade

Investing.com - Asian shares were mixed on Friday with concerns eased in China after a late sharp selloff overnight linked to 10-year government bond yields crossing 4% though trading was thin without a US lead.

In Japan, the Nikkei 225 dipped 0.05%, while the S&P/ASX in Australia eased 0.09%.

In Greater China, the Shanghai Compoite dipped 0.59%, while the Hang Seng index rose 0.32%. Overnight, China's CSI 300 Index sank 52 points in the final 45 minutes of trading, the steepest afternoon decline since the depths of China’s stock market crash in January 2016.

A mix of tighter lending rules and firmer bond prices were seen as reasons for declines in the last session. Market watchers said shares that were sold off on Thursday had in fact risen in the past weeks and continued to possess relatively good fundamentals despite falling on Thursday.

SenseTime Group, a Chinese artificial intelligence company, intends to launch an initial public offering, Reuters reported on Thursday. SenseTime is also attempting to expand in the U.S., with plans to begin a research and development unit in the country as early as 2018 in the works.

U.S. markets were shut overnight and will have a truncated trading day on Friday.

Gold Gains Slightly In Asia As China Market Concerns Ease, US Tax Cuts Eyed

Investing.com - Gold prices gained slightly in Asia on Friday as concerns over a sharp selloff in China overnight eased and investors turned focus to the U.S. and next week's Senate review of proposed tax cuts.

Comex gold futures gained 0.06% to $1,292.98 a troy ounce. On Thursday, China CSI 300 Index sank 52 points in the final 45 minutes of trading, the steepest afternoon decline since the depths of China’s stock market crash in January 2016.

Overnight, gold prices held steady in holiday-thinned trade on Thursday, after the minutes of the Federal Reserve's most recent policy meeting pushed the U.S. dollar, lending support to the precious metal.

Trade volumes were expected to remain light on Thursday, with Comex floor trading scheduled to remain closed for Thanksgiving. An abbreviated session was slated for Friday.

The greenback weakened after the minutes of the Fed's latest meeting showed that some policymakers remain concerned over persistently low inflation.

The report also showed that the Fed expects to raise interest rates in the "near term", adding to expectations for a December rate hike. However, the central bank added that economic data will determine the timing of future rate hikes, which could mean a slower pace than expected for 2018.

Gold is sensitive to moves in both U.S. rates and the dollar. A weaker dollar makes gold less expensive for holders of foreign currency, while a rise in U.S. rates lifts the opportunity cost of holding non-yielding assets such as bullion.

Another factor for rate hikes is whether the US Congress manages to pass a tax package this year, with a U.S. House of Representatives version and one in the Senate at odds on key points.

Kiwi Drips Weaker After Trade Balance Data In Light Trading Day

Investing.com - The kiwi drifted weaker in Asia on Friday after trade balance data showed a wider gap than expected with the market light coming off a US holiday.

NZD/USD traded at 0.6885, down 0.07%, while AUD/USD traded at 0.7622, down 0.04%. USD/JPY changed hands at 111.35, up 0.12%

New Zealand reported a trade balance deficit of NZ$871 million in October, wider than the NZ$750 million expected, while it also widened to NZ$2.990 billion from NZ$2.2705 billion seen.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, eased 0.12% to 93.04.

Overnight, the U.S. dollar fell on Thursday as trade volumes were thin and markets were closed for the Thanksgiving holiday.

The dollar remained lower amid minutes from the Federal Reserve’s November meeting that suggested officials were concerned that inflation would stay below the 2% target longer than expected. The sentiment was echoed by Fed Chair Janet Yellen in a speech earlier in the week, when she said she was uncertain about inflation.

The remarks weighed on the dollar, as investors lowered their expectations for further rate hikes in 2018. A rate hike in December is still expected.

The dollar was at two-month lows against the yen. Data on Thursday showed that euro-zone private sector output rose at the fastest pace in six-and-a-half years in November. In a separate report, the minutes of the European Central Bank’s October meeting showed that policymakers agreed about a decision to extend the duration of its asset purchase program, but were far from unanimous in keeping the scheme open-ended. Sterling was little changed against the dollar.

Mexico stocks lower at close of trade; IPC down 0.13%

Investing.com – Mexico stocks were lower after the close on Thursday, as losses in the Materials, Industrials and Consumer Staples sectors led shares lower.

At the close in Mexico, the IPC lost 0.13%.

The best performers of the session on the IPC were Cemex SAB de CV (MX:CMXCPO), which rose 1.43% or 0.210 points to trade at 14.850 at the close. Meanwhile, Grupo Televisa SAB Unit (MX:TLVACPO) added 1.38% or 0.96 points to end at 70.45 and Genomma Lab Internacional SAB De CV (MX:LABB) was up 1.23% or 0.270 points to 22.140 in late trade.

The worst performers of the session were Grupo Mexico, S.A.B. De C.V. (MX:GMEXICOB), which fell 2.08% or 1.280 points to trade at 60.240 at the close. Wal - Mart De Mexico, SAB De CV (MX:WALMEX) declined 1.55% or 0.720 points to end at 45.660 and Grupo Carso, S.A.B. De C.V. (MX:GCARSOA1) was down 1.53% or 0.980 points to 63.270.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 54 to 53 and 10 ended unchanged.

Gold Futures for December delivery was down 0.05% or 0.70 to $1291.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.88% or 0.51 to hit $58.53 a barrel, while the January Brent oil contract rose 0.16% or 0.10 to trade at $63.42 a barrel.

USD/MXN was up 0.12% to 18.6445, while EUR/MXN rose 0.09% to 22.0895.

The US Dollar Index Futures was down 0.12% at 93.04.

Brazil stocks lower at close of trade; Bovespa down 0.04%

Investing.com – Brazil stocks were lower after the close on Thursday, as losses in the Industrials, Financials and Consumption sectors led shares lower.

At the close in Sao Paulo, the Bovespa lost 0.04%.

The best performers of the session on the Bovespa were CEMIG - Companhia Energetica Minas Gerais Pref (SA:CMIG4), which rose 4.41% or 0.30 points to trade at 7.10 at the close. Meanwhile, Cia Paranaense de Energia (SA:CPLE6) added 3.49% or 0.85 points to end at 25.20 and Tim Participacoes SA (SA:TIMP3) was up 2.48% or 0.30 points to 12.40 in late trade.

The worst performers of the session were Localiza Rent a Car SA (SA:RENT3), which fell 66.69% or 41.73 points to trade at 20.84 at the close. EcoRodovias SA (SA:ECOR3) declined 2.44% or 0.31 points to end at 12.39 and Cia de Saneamento Basico do Estado (SA:SBSP3) was down 1.92% or 0.65 points to 33.25.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 182 to 164 and 37 ended unchanged.

Shares in Tim Participacoes SA (SA:TIMP3) rose to 52-week highs; up 2.48% or 0.30 to 12.40.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 2.54% to 32.60.

Gold Futures for December delivery was down 0.05% or 0.70 to $1291.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.88% or 0.51 to hit $58.53 a barrel, while the December US coffee C contract rose 0.32% or 0.40 to trade at $124.30 .

USD/BRL was down 0.09% to 3.2213, while EUR/BRL rose 0.18% to 3.8182.

The US Dollar Index Futures was down 0.12% at 93.04.

Colombia stocks lower at close of trade; COLCAP down 0.24%

Investing.com – Colombia stocks were lower after the close on Thursday, as losses in the Industrials, Investment and Financials sectors led shares lower.

At the close in Colombia, the COLCAP fell 0.24%.

The best performers of the session on the COLCAP were Cemex Latam Holdings SA (CN:CLH), which rose 0.90% or 100.0 points to trade at 11260.0 at the close. Meanwhile, Grupo de Inversiones Suramericana SA (CN:SIS) added 0.36% or 140.0 points to end at 39300.0 and Avianca Holdings Pf (CN:AVT_p) was up 0.35% or 10.0 points to 2885.0 in late trade.

The worst performers of the session were Cemargos (CN:CCB), which fell 2.20% or 240.0 points to trade at 10660.0 at the close. Pfgrupsura (CN:SIS_p) declined 1.26% or 480.0 points to end at 37620.0 and Etb (CN:ETB) was down 1.18% or 6.0 points to 503.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 20 to 5 and 3 ended unchanged.

US coffee C for December delivery was up 0.32% or 0.40 to $124.30 . Elsewhere in commodities trading, US cocoa for delivery in March rose 0.57% or 12.00 to hit $2119.00 , while the December Gold Futures contract fell 0.05% or 0.70 to trade at $1291.50 a troy ounce.

USD/COP was down 0.03% to 2976.07, while BRL/COP rose 0.06% to 923.87.

The US Dollar Index Futures was down 0.12% at 93.04.

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.39%

Investing.com – Denmark stocks were lower after the close on Thursday, as losses in the Oil&Gas, Chemicals and Software&Computer Services sectors led shares lower.

At the close in Copenhagen, the OMX Copenhagen 20 declined 0.39%.

The best performers of the session on the OMX Copenhagen 20 were DSV (CO:DSV), which rose 0.33% or 1.6 points to trade at 481.0 at the close. Meanwhile, Novo Nordisk A/S B (CO:NOVOb) added 0.15% or 0.5 points to end at 328.3 and TDC A/S (CO:TDC) was up 0.05% or 0.02 points to 37.49 in late trade.

The worst performers of the session were Vestas Wind Systems A/S (CO:VWS), which fell 3.29% or 12.7 points to trade at 373.0 at the close. FLSmidth&Co. (CO:FLS) declined 2.57% or 9.4 points to end at 356.5 and GN Store Nord (CO:GN) was down 2.08% or 4.5 points to 211.5.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 76 to 37 and 19 ended unchanged.

Shares in Vestas Wind Systems A/S (CO:VWS) fell to 52-week lows; losing 3.29% or 12.7 to 373.0.

Crude oil for January delivery was up 0.72% or 0.42 to $58.44 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.14% or 0.09 to hit $63.41 a barrel, while the December Gold Futures contract fell 0.05% or 0.70 to trade at $1291.50 a troy ounce.

USD/DKK was down 0.26% to 6.2784, while EUR/DKK rose 0.00% to 7.4423.

The US Dollar Index Futures was down 0.13% at 93.03.

Finland stocks lower at close of trade; OMX Helsinki 25 down 0.25%

Investing.com – Finland stocks were lower after the close on Thursday, as losses in the Consumer Goods, Consumer Services and Technology sectors led shares lower.

At the close in Helsinki, the OMX Helsinki 25 declined 0.25%.

The best performers of the session on the OMX Helsinki 25 were Metsa Board Oyj B (HE:METSB), which rose 2.01% or 0.130 points to trade at 6.605 at the close. Meanwhile, Stora Enso Oyj R (HE:STERV) added 0.68% or 0.090 points to end at 13.390 and Amer Sports Corporation (HE:AMEAS) was up 0.42% or 0.09 points to 21.44 in late trade.

The worst performers of the session were Outotec Oyj (HE:OTE1V), which fell 2.41% or 0.165 points to trade at 6.690 at the close. Wartsila Oyj Abp (HE:WRT1V) declined 1.16% or 0.65 points to end at 55.20 and KONE Oyj (HE:KNEBV) was down 0.95% or 0.42 points to 43.74.

Falling stocks outnumbered advancing ones on the Helsinki Stock Exchange by 73 to 63 and 22 ended unchanged.

Brent oil for January delivery was down 0.03% or 0.02 to $63.30 a barrel. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.59% or 0.34 to hit $58.36 a barrel, while the December Gold Futures contract fell 0.05% or 0.70 to trade at $1291.50 a troy ounce.

EUR/USD was up 0.28% to 1.1854, while EUR/GBP rose 0.43% to 0.8910.

The US Dollar Index Futures was down 0.13% at 93.03.

France stocks higher at close of trade; CAC 40 up 0.50%

Investing.com – France stocks were higher after the close on Thursday, as gains in the Utilities, Healthcare and Industrials sectors led shares higher.

At the close in Paris, the CAC 40 rose 0.50%, while the SBF 120 index climbed 0.49%.

The best performers of the session on the CAC 40 were Compagnie de Saint Gobain SA (PA:SGOB), which rose 1.53% or 0.74 points to trade at 49.12 at the close. Meanwhile, Essilor International Compagnie Generale d’Optique SA (PA:ESSI) added 1.41% or 1.50 points to end at 107.90 and Schneider Electric SE (PA:SCHN) was up 1.36% or 0.96 points to 71.80 in late trade.

The worst performers of the session were Valeo SA (PA:VLOF), which fell 0.76% or 0.45 points to trade at 58.65 at the close. Peugeot SA (PA:PEUP) declined 0.30% or 0.06 points to end at 18.20 and Sodexo (PA:EXHO) was down 0.28% or 0.30 points to 105.75.

The top performers on the SBF 120 were Electricite de France SA (PA:EDF) which rose 5.60% to 10.84, Elior Group (PA:ELIOR) which was up 3.30% to settle at 18.92 and Genfit (PA:GNFT) which gained 2.67% to close at 23.110.

The worst performers were Innate Pharma (PA:IPH) which was down 40.07% to 5.280 in late trade, Remy Cointreau (PA:RCOP) which lost 1.71% to settle at 109.40 and Neopost (PA:NPOS) which was down 1.55% to 28.03 at the close.

Rising stocks outnumbered declining ones on the Paris Stock Exchange by 314 to 272 and 95 ended unchanged.

Shares in Innate Pharma (PA:IPH) fell to 3-years lows; falling 40.07% or 3.530 to 5.280.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 0.07% to 11.54.

Gold Futures for December delivery was down 0.05% or 0.70 to $1291.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.59% or 0.34 to hit $58.36 a barrel, while the January Brent oil contract fell 0.03% or 0.02 to trade at $63.30 a barrel.

EUR/USD was up 0.28% to 1.1854, while EUR/GBP rose 0.42% to 0.8909.

The US Dollar Index Futures was down 0.13% at 93.03.

Spain stocks higher at close of trade; IBEX 35 up 0.19%

Investing.com – Spain stocks were higher after the close on Thursday, as gains in the Telecoms&IT, Financial Services&Real Estate and Chemical, Petroleum&Plastic sectors led shares higher.

At the close in Madrid, the IBEX 35 added 0.19%.

The best performers of the session on the IBEX 35 were Bankia SA (MC:BKIA), which rose 1.62% or 0.062 points to trade at 3.877 at the close. Meanwhile, Mediaset ESP (MC:TL5) added 1.35% or 0.124 points to end at 9.309 and Cellnex Telecom SA (MC:CLNX) was up 1.21% or 0.25 points to 20.88 in late trade.

The worst performers of the session were Siemens Gamesa Renewable Energy SA (MC:GAM), which fell 2.73% or 0.260 points to trade at 9.255 at the close. Viscofan (MC:VIS) declined 1.12% or 0.590 points to end at 51.990 and International Consolidated Airlines Group SA (MC:ICAG) was down 0.99% or 0.067 points to 6.704.

Rising stocks outnumbered declining ones on the Madrid Stock Exchange by 100 to 76 and 21 ended unchanged.

Shares in Siemens Gamesa Renewable Energy SA (MC:GAM) fell to 52-week lows; losing 2.73% or 0.260 to 9.255.

Gold Futures for December delivery was down 0.06% or 0.78 to $1291.42 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.59% or 0.34 to hit $58.36 a barrel, while the January Brent oil contract fell 0.03% or 0.02 to trade at $63.30 a barrel.

EUR/USD was up 0.27% to 1.1853, while EUR/GBP rose 0.42% to 0.8909.

The US Dollar Index Futures was down 0.13% at 93.03.

Germany stocks mixed at close of trade; DAX down 0.05%

Investing.com – Germany stocks were mixed after the close on Thursday, as gains in the Food&Beverages, Construction and Industrials sectors led shares higher while losses in the Pharmaceuticals&Healthcare, Consumer&Cyclical and Insurance sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.05%, while the MDAX index climbed 0.26%, and the TecDAX index gained 0.33%.

The best performers of the session on the DAX were Thyssenkrupp AG O.N. (DE:TKAG), which rose 3.95% or 0.865 points to trade at 22.785 at the close. Meanwhile, Deutsche Lufthansa AG (DE:LHAG) added 1.17% or 0.330 points to end at 28.565 and Heidelbergcement AG O.N. (DE:HEIG) was up 0.58% or 0.520 points to 90.720 in late trade.

The worst performers of the session were Fresenius SE&Co KGAA O.N. (DE:FREG), which fell 1.06% or 0.660 points to trade at 61.440 at the close. RWE AG ST O.N. (DE:RWEG) declined 0.93% or 0.185 points to end at 19.650 and Merck KGaA (DE:MRCG) was down 0.86% or 0.78 points to 89.80.

The top performers on the MDAX were Rheinmetall AG (DE:RHMG) which rose 2.93% to 105.250, CTS Eventim AG (DE:EVDG) which was up 2.43% to settle at 40.045 and Kion Group AG (DE:KGX) which gained 1.89% to close at 65.84.

The worst performers were Leoni AG (DE:LEOGn) which was down 1.22% to 61.740 in late trade, Salzgitter AG (DE:SZGG) which lost 1.07% to settle at 44.000 and Stroeer SE (DE:SAXG) which was down 0.94% to 61.320 at the close.

The top performers on the TecDAX were Drillisch AG (DE:DRIG) which rose 2.46% to 62.490, Software AG (DE:SOWG) which was up 2.40% to settle at 46.265 and Siltronic AG (DE:WAFGn) which gained 1.90% to close at 139.250.

The worst performers were Nordex SE O.N. (DE:NDXG) which was down 3.58% to 7.652 in late trade, Slm Solution G (DE:AM3D) which lost 3.51% to settle at 44.41 and S&T AG (F:SANT1) which was down 2.24% to 17.640 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 422 to 325 and 43 ended unchanged.

Shares in Fresenius SE&Co KGAA O.N. (DE:FREG) fell to 52-week lows; losing 1.06% or 0.660 to 61.440. Shares in Rheinmetall AG (DE:RHMG) rose to all time highs; gaining 2.93% or 3.000 to 105.250. Shares in CTS Eventim AG (DE:EVDG) rose to all time highs; gaining 2.43% or 0.950 to 40.045. Shares in Drillisch AG (DE:DRIG) rose to all time highs; gaining 2.46% or 1.500 to 62.490. Shares in Software AG (DE:SOWG) rose to 5-year highs; up 2.40% or 1.085 to 46.265.

The DAX volatility index, which measures the implied volatility of DAX options, was down 0.12% to 13.21.

Gold Futures for December delivery was down 0.06% or 0.77 to $1291.43 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.48% or 0.28 to hit $58.30 a barrel, while the January Brent oil contract fell 0.13% or 0.08 to trade at $63.24 a barrel.

EUR/USD was up 0.24% to 1.1849, while EUR/GBP rose 0.41% to 0.8908.

The US Dollar Index Futures was down 0.10% at 93.06.

U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.14%

Investing.com – U.K. stocks were higher after the close on Thursday, as gains in the Beverage, Healthcare Equipment&Services and Automobiles&Parts sectors led shares higher.

At the close in London, the Investing.com United Kingdom 100 rose 0.14%.

The best performers of the session on the Investing.com United Kingdom 100 were Mediclinic International PLC (LON:MDCM), which rose 3.25% or 16.50 points to trade at 525.00 at the close. Meanwhile, Sage Group PLC (LON:SGE) added 3.07% or 24.00 points to end at 806.00 and ITV PLC (LON:ITV) was up 2.42% or 3.60 points to 152.40 in late trade.

The worst performers of the session were Centrica PLC (LON:CNA), which fell 15.49% or 25.30 points to trade at 138.00 at the close. Babcock International Group PLC (LON:BAB) declined 3.26% or 23.00 points to end at 682.50 and National Grid PLC (LON:NG) was down 2.83% or 25.20 points to 866.10.

Falling stocks outnumbered advancing ones on the London Stock Exchange by 1136 to 983 and 60 ended unchanged.

Shares in Centrica PLC (LON:CNA) fell to 5-year lows; down 15.49% or 25.30 to 138.00. Shares in Sage Group PLC (LON:SGE) rose to 5-year highs; gaining 3.07% or 24.00 to 806.00. Shares in Babcock International Group PLC (LON:BAB) fell to 5-year lows; down 3.26% or 23.00 to 682.50. Shares in National Grid PLC (LON:NG) fell to 52-week lows; losing 2.83% or 25.20 to 866.10.

Gold Futures for December delivery was down 0.05% or 0.67 to $1291.53 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.48% or 0.28 to hit $58.30 a barrel, while the January Brent oil contract fell 0.09% or 0.06 to trade at $63.26 a barrel.

GBP/USD was down 0.14% to 1.3303, while EUR/GBP rose 0.41% to 0.8908.

The US Dollar Index Futures was down 0.11% at 93.05.

Morocco stocks higher at close of trade; Moroccan All Shares up 0.01%

Investing.com – Morocco stocks were higher after the close on Thursday, as gains in the Forestry&Paper, Software&Computer Services and Invest Companies&Other Finance sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.01%.

The best performers of the session on the Moroccan All Shares were Hps (CS:HPS), which rose 5.38% or 86.00 points to trade at 1686.00 at the close. Meanwhile, Involys (CS:INV) added 4.82% or 6.85 points to end at 149.00 and Taqa Morocco SA (CS:TQM) was up 4.73% or 42.90 points to 949.00 in late trade.

The worst performers of the session were Risma (CS:RIS), which fell 8.41% or 12.60 points to trade at 137.30 at the close. Timar (CS:TIM) declined 5.61% or 12.85 points to end at 216.05 and M2M Group (CS:M2M) was down 4.08% or 16.95 points to 398.05.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 21 to 17 and 4 ended unchanged.

Shares in Hps (CS:HPS) rose to 5-year highs; rising 5.38% or 86.00 to 1686.00. Shares in Taqa Morocco SA (CS:TQM) rose to all time highs; up 4.73% or 42.90 to 949.00.

Crude oil for January delivery was up 0.43% or 0.25 to $58.27 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.24% or 0.15 to hit $63.17 a barrel, while the December Gold Futures contract fell 0.06% or 0.78 to trade at $1291.42 a troy ounce.

EUR/MAD was up 0.24% to 11.1570, while USD/MAD fell 0.05% to 9.4106.

The US Dollar Index Futures was down 0.11% at 93.05.

Greece stocks higher at close of trade; Athens General Composite up 0.18%

Investing.com – Greece stocks were higher after the close on Thursday, as gains in the Healthcare, Technology and Industrials sectors led shares higher.

At the close in Athens, the Athens General Composite gained 0.18%.

The best performers of the session on the Athens General Composite were Korres (AT:KRRr), which rose 8.75% or 0.350 points to trade at 4.350 at the close. Meanwhile, Select Textile (AT:EPIr) added 8.38% or 0.014 points to end at 0.181 and Hygeia (AT:HYGr) was up 7.12% or 0.023 points to 0.346 in late trade.

The worst performers of the session were Centric Hold (AT:DESr), which fell 7.80% or 0.011 points to trade at 0.130 at the close. Folli Follie (AT:HDFr) declined 5.10% or 0.80 points to end at 14.90 and Attica Bank SA (AT:BOAr) was down 4.17% or 0.002 points to 0.046.

Rising stocks outnumbered declining ones on the Athens Stock Exchange by 53 to 36 and 18 ended unchanged.

Shares in Folli Follie (AT:HDFr) fell to 52-week lows; losing 5.10% or 0.80 to 14.90.

Gold Futures for December delivery was down 0.08% or 0.97 to $1291.23 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.45% or 0.26 to hit $58.28 a barrel, while the January Brent oil contract fell 0.05% or 0.03 to trade at $63.29 a barrel.

EUR/USD was up 0.20% to 1.1845, while EUR/GBP rose 0.38% to 0.8906.

The US Dollar Index Futures was down 0.06% at 93.09.

Israel stocks higher at close of trade; TA 35 up 1.06%

Investing.com – Israel stocks were higher after the close on Thursday, as gains in the Banking, Biomed and Financials sectors led shares higher.

At the close in Tel Aviv, the TA 35 rose 1.06%.

The best performers of the session on the TA 35 were Teva Pharmaceutical Industries Ltd (TA:TEVA), which rose 4.61% or 220 points to trade at 4990 at the close. Meanwhile, Poalim (TA:POLI) added 3.95% or 91 points to end at 2396 and Frutarom Industries Ltd (TA:FRUT) was up 2.54% or 730 points to 29500 in late trade.

The worst performers of the session were Strauss Group (TA:STRS), which fell 1.41% or 102 points to trade at 7109 at the close. Cellcom Israel Ltd (TA:CEL) declined 1.21% or 43 points to end at 3523 and Bazan Oil Refineries Ltd (TA:ORL) was down 1.04% or 1.8 points to 171.9.

Rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange by 217 to 164 and 33 ended unchanged.

Crude oil for January delivery was up 0.55% or 0.32 to $58.34 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.06% or 0.04 to hit $63.36 a barrel, while the December Gold Futures contract fell 0.07% or 0.85 to trade at $1291.35 a troy ounce.

USD/ILS was up 0.03% to 3.5122, while EUR/ILS rose 0.20% to 4.1589.

The US Dollar Index Futures was down 0.05% at 93.10.

Crude Oil Prices Bounce Back, WTI Hovers at 2-Year Highs

Investing.com - Crude oil prices bounced higher on Thursday, erasing earlier losses as optimism that the market is rebalancing resurfaced in holiday-thinned trade.

The U.S. West Texas Intermediate crude January contract was up 18 cents or about 0.31% at $58.20 a barrel by 09:50 a.m. ET (13:50 GMT), its highest since July 2015.

Elsewhere, Brent oil for January delivery on the ICE Futures Exchange in London was steady at $63.29 a barrel.

Trade volumes were expected to remain light on Thursday, with U.S. markets closed for the Thanksgiving holiday.

Crude prices climbed after after the EIA reported on Wednesday that xrude oil inventories fell by 1.9 million barrels last week, marking the first decline in three weeks. That was compared with analysts' expectations for a decline of 1.5 million barrels.

Prices received additional support from growing signals that the Organization of Petroleum Exporting Countries (OPEC) and its allies will agree to prolong supply curbs beyond March when producers meet in Vienna next week.

Top crude exporter Saudi Arabia is lobbying oil ministers to agree on a nine-month extension to OPEC-led supply cuts, sources familiar with the matter said, as Riyadh seeks to ensure a price-sapping glut is eradicated.

OPEC, together with a group of non-OPEC producers led by Russia, has been restraining output since the start of this year in a bid to end a global supply overhang and prop up prices.

The deal to curb output is due to expire in March 2018, but OPEC will meet on Nov. 30 to discuss the outlook for the policy.

Elsewhere, gasoline futures were up 0.37% at $1.773 a gallon, while natural gas futures lost 1.45% to $2.925 per million British thermal units.

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.82%

Investing.com – Saudi Arabia stocks were higher after the close on Thursday, as gains in the Building&Construction, Real Estate Development and Agriculture&Food sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.82%.

The best performers of the session on the Tadawul All Share were Makkah Construction&Development Co (SE:4100), which rose 9.86% or 6.40 points to trade at 71.30 at the close. Meanwhile, Fawaz Abdulaziz AlHokair Company (SE:4240) added 6.11% or 1.82 points to end at 31.60 and Fitaihi Holding Group (SE:4180) was up 5.89% or 0.70 points to 12.58 in late trade.

The worst performers of the session were Saudi Arabia Refineries Co. (SE:2030), which fell 2.34% or 0.72 points to trade at 30.00 at the close. Alujain Corporation (SE:2170) declined 2.00% or 0.38 points to end at 18.66 and Electrical Industries Co (SE:1303) was down 1.74% or 0.34 points to 19.20.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 152 to 24 and 5 ended unchanged.

Crude oil for January delivery was down 0.07% or 0.04 to $57.98 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.32% or 0.20 to hit $63.12 a barrel, while the December Gold Futures contract rose 0.03% or 0.38 to trade at $1292.58 a troy ounce.

EUR/SAR was up 0.23% to 4.4433, while USD/SAR rose 0.00% to 3.7503.

The US Dollar Index Futures was down 0.12% at 93.04.

Gold Prices Hold Steady in Holiday-Thinned Trade

Investing.com - Gold prices held steady in holiday-thinned trade on Thursday, after the minutes of the Federal Reserve's most recent policy meeting pushed the U.S. dollar, lending support to the precious metal.

Comex gold futures were little changed at $1,291.98 a troy ounce by 08:10 a.m. ET (12:10 GMT).

Trade volumes were expected to remain light on Thursday, with Comex floor trading scheduled to remain closed for Thanksgiving. An abbreviated session was slated for Friday.

The greenback weakened after the minutes of the Fed's latest meeting showed that some policymakers remain concerned over persistently low inflation.

The report also showed that the Fed expects to raise interest rates in the "near term", adding to expectations for a December rate hike.

However, the central bank added that economic data will determine the timing of future rate hikes, which could mean a slower pace than expected for 2018.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.11% at 93.05, the lowest since October 19.

Gold is sensitive to moves in both U.S. rates and the dollar. A weaker dollar makes gold less expensive for holders of foreign currency, while a rise in U.S. rates lifts the opportunity cost of holding non-yielding assets such as bullion.

Elsewhere on the Comex, silver futures were down 0.08% at $17.11 a troy ounce.

ECB Minutes- Some Members Opposed Giving QE End Date

Investing.com - Easing back on the European Central Bank’s purchase buyback program was broadly supported by members but some did not want to give an end date, meeting minutes showed on Thursday.

Last month the ECB held interest rates while keeping asset purchases steady until the end of December. From January 2018, the central bank’s repurchasing program will continue at €30 billion a month, down from it’s current pace of €60 billion, until the end of September or beyond.

During its October meeting “different positions were put forward as to whether an open-ended state-contingent formulation remained appropriate or whether the announcement of an end date was preferable,” the minutes said.

Proponents of keeping the quantitative-easing-buyback end date open argued that giving an end date could hamper the central bank's ability to respond to future shocks, as well as “induce market participants to frontload possible price adjustments, which might lead to an undue tightening in financial conditions.”

Those in favour of an end data argued that the impact on financial markets would be limited and there “was no longer a case for an open-ended extension, unless deflation risks were to re-emerge.”

There were also concerns that an open-ended date could “generate expectations of further extensions as the intended end date of the programme approached.”

Members were also concerned about underlying inflation stagnating, but inflation was expected to gradually increase due to monetary policy accommodation, meeting minutes showed.

"It was suggested that the positive incoming information on activity provided the basis for greater confidence about the baseline outlook for inflation... [and that] measures of underlying inflation had remained stable despite the earlier appreciation of the euro," the meeting minutes said.

Weekly Comic: The Market Bulls Have a Lot to Be Thankful for This Year

Investing.com - World shares extended this year's impressive rally to reach more new highs this week, as optimism about global growth and rising corporate profits lured hordes of investors into equities

Lifted by steady economic growth, supportive monetary policies and solid corporate earnings, global equities have rallied hard, with those in the United States, Germany and South Korea scaling record heights recently, while Japan's Nikkei climbed a 26-year peak.

The rally, which began after President Donald Trump's shock election night victory last November, was fueled by hopes that he would bring in tax cuts, infrastructure spending and other pro-business measures.

But traders said the market has since lost some momentum. The question on everybody's mind is when will the bull market finally come to an end.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

Which Retailers Will Profit The Most From Thanksgiving Shopping ?

Investing.com - The US is celebrating Thanksgiving, and though financial markets will be closed, retailers will be open and have high hopes for holiday shoppers.
According to the National Retail Federation, 69% of Americans — an estimated 164 million people — are planning to shop during Thanksgiving weekend, which includes Black Friday and Cyber Monday. And consumers responding to their annual survey say they will spend an average of $967 this holiday season, up 3.4% from last year.
But in the holiday shopping frenzy, not every retailer is set to benefit equally.
For the first time in the survey’s history, online is the most popular shopping destination this year, followed by department and discount stores. Electronics stores and small businesses are further down the list.
As the king of online retail, Amazon’s forecast looks especially good. Meanwhile, many brick-and-mortar retailers like Walmart (NYSE:WMT) and Macy’s posted stronger-than-expected earnings results in the last quarter, and are hoping that their steep holiday discounts, in-store experiences, and increasing consumer confidence, will keep them on an upward trajectory.

United Arab Emirates stocks higher at close of trade; DFM General up 0.46%

Investing.com – United Arab Emirates stocks were higher after the close on Thursday, as gains in the Consumer Staples, Transport and Telecoms sectors led shares higher.

At the close in Dubai, the DFM General gained 0.46%, while the ADX General index climbed 0.31%.

The best performers of the session on the DFM General were ARAMEX PJSC (DU:ARMX), which rose 4.74% or 0.220 points to trade at 4.860 at the close. Meanwhile, DXB Entertainments (P.J.S.C.) (DU:DXBE) added 4.66% or 0.029 points to end at 0.651 and Amanat Holdings PJSC (DU:AMANT) was up 1.56% or 0.020 points to 1.300 in late trade.

The worst performers of the session were SHUAA Capital PSC (DU:SHUA), which fell 2.54% or 0.030 points to trade at 1.150 at the close. Dubai Financial Market PJSC (DU:DFM) declined 1.72% or 0.020 points to end at 1.140 and Drake&Scull International PJSC (DU:DSI) was down 1.69% or 0.030 points to 1.740.

The top performers on the ADX General were Rak Cement Co (AD:RKCC) which rose 4.69% to 0.670, Ad Natl Energy (AD:TAQA) which was up 1.67% to settle at 0.610 and Arkan Building Materials Co PJSC (AD:ARKN) which gained 1.54% to close at 0.6600.

The worst performers were Gulf Cement Co (AD:GCEM) which was down 6.06% to 0.9300 in late trade, Eshraq Properties Co PJSC (AD:ESHR) which lost 2.67% to settle at 0.7300 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 2.33% to 0.420 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 15 to 15 and 8 ended unchanged; on the Abu Dhabi, 14 rose and 9 declined, while 3 ended unchanged.

Shares in Amanat Holdings PJSC (DU:AMANT) rose to all time highs; gaining 1.56% or 0.020 to 1.300.

Crude oil for January delivery was down 0.07% or 0.04 to $57.98 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.28% or 0.18 to hit $63.14 a barrel, while the December Gold Futures contract rose 0.02% or 0.25 to trade at $1292.45 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED rose 0.24% to 4.3523.

The US Dollar Index Futures was down 0.13% at 93.03.

Top 5 Things to Know in the Market on Thursday

Investing.com - Here are the top five things you need to know in financial markets on Thursday, November 23:

1. Dollar steady after slump on Fed inflation worries

The dollar held steady against major rivals on Thursday after having undergone its worst slump in six months. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, ended Wednesday down 0.8%, its largest drop since May 16.

That came after the Fed minutes revealed that “many participants” showed concern over the inflation outlook, mirroring recent remarks by outgoing Fed chair Janet Yellen that it was “very uncertain” and sparking speculation that the future path of tightening may not be as aggressive as originally thought.

The Fed minutes did confirm that, based on expectations for continued solid growth and a strengthening labor market, “another increase in the target range for the federal funds rate was likely to be warranted in the near term”.

The Fed is scheduled to hold its final policy meeting of the year on Dec. 12-13, with interest rate futures pricing in a 100% chance of a rate hike at that meeting, according to Investing.com's Fed Rate Monitor Tool.

2. 164 million Americans prepare to hit the stores

The biggest shopping weekend of the year in the U.S. kicks off “officially” on Thursday with more than 164 million Americans planning to hit the stores, according to a survey by the National Retail Federation (NRF) and Prosper Insights & Analytics.

The NRF said the estimate corresponds to 69% of the U.S. population in this year’s survey that includes, for the first tim, the numbers for Cyber Monday in addition to Thanksgiving Day, Black Friday, Small Business Saturday and Sunday.

Of those considering shopping the long holiday weekend, the survey found that 20% plan to shop on Thanksgiving Day (32 million) but Black Friday will remain the busiest day with 70% planning to shop then (115 million).

A substantial 43% are expected to shop on Saturday (71 million), with 76%saying they will do so specifically to support Small Business Saturday. On Sunday, 21% expect to shop (35 million) and 48% are expected to shop on Cyber Monday (78 million).

With many retailers having cited the “tough retail environment” in third quarter earnings and forecasts, markets will be keeping an eye on brick and mortar stores to see how they stock up against the online onslaught.

3. Chinese stocks slump most in 17 months as U.S. takes holiday

Chinese mainland equities slumped across the board on Thursday with the Shanghai Composite ending 2.3% lower with experts citing volatility in the country’s bond market spilling over into bearish sentiment on stocks. Hong Kong’s Hang Seng saw the least damage with a 0.8% loss as the index was buoyed by sentiment that sent the benchmark to a 10-year high in the prior session.

All this on a day when the New York Stock Exchange will remain silent with traders on holiday for Thanksgiving. Trading has been light in this holiday shortened week with Wall Street returning to operation on Friday for only half a day. U.S. futures saw tepid gains in early morning trade in slight rebound from losses seen in the Dow and S&P 500 the prior day. The Nasdaq Composite was the only major benchmark to end at fresh record highs as it closed Wednesday with tepid gains of 0.07%.

Japanese stocks were also closed Thursday for a holiday.

Meanwhile, European bourses were mostly higher on Thursday, boosted by positive manufacturing and service sector activity data.

4. Oil holds near 2 ½ year highs in holiday trade

Oil prices were a bit lower on Thursday, but still remained near their highest level in two-and-a-half years amid optimism that the crude market was well on its way towards rebalancing.

Domestic crude stockpiles have dropped by 15% from their records in March, to below 2016 levels, boosting optimism that the U.S. oil market is tightening.

Prices received additional support from growing signals that the Organization of Petroleum Exporting Countries (OPEC) and its allies will agree to prolong supply curbs beyond March when producers meet in Vienna on November 30.

At 6:03AM ET (11:03GMT), U.S. crude oil futures lost 0.12% to $57.95, while Brent oil traded down 0.43% to $63.05.

5. Euro zone firms see strongest growth in more than 6 years

Companies in the euro zone are seeing their strongest activity since April 2011, according to data covering the manufacturing and service sectors released on Thursday.

Specifically, Markit’s composite PMI moved from 56.0 to 57.5 in November, its highest level in six and a half years.

The strength in the euro area was in sharp contrast with UK growth figures. Third quarter GDP was confirmed to have undergone only a 0.4% expansion. While British household spending picked up, net trade had a negative impact on growth as the UK wades through uncertainty surrounding Brexit negotiations.

Euro Hits Day’s Highs against Sterling after Data

Investing.com - The euro hit the day’s highs against sterling on Thursday after economic reports underlined the contrast between strong growth in the euro zone and Britain’s weakening economy.

EUR/GBP was up 0.33% to 0.8900 by 05:08 AM ET (10:08 AM GMT) from around 0.8899 earlier.

In the euro zone, data on Thursday showed that private sector output rose at the fastest pace in six-and-a-half year in November, with companies reporting a surge in output and hiring.

The euro zone composite output index, which measures the combined output of both the manufacturing and service sectors rose to 57.5, the highest level since April 2011.

France had a particularly strong month, outpacing Germany for only the fourth time in more than five years.

German growth also remained strong, indicating that its economy can see out political gridlock that could soon lead to fresh elections.

In the UK, data confirmed that the economy grew 0.4% in the third quarter, but the report also showed that the economy remained reliant on household spending.

British households are suffering a spending squeeze as inflation continues to outstrip wage growth amid a fall in sterling since last year’s Brexit vote.

Sterling was a touch lower against the dollar, with GBP/USD sliding 0.13% to 1.3304.

The euro was at one-week highs against the dollar, with EUR/USD rising 0.17% to 1.1840, moving closer to the one-month high of 1.1859 reached last week.

The dollar remained on the defensive after the minutes of the Federal Reserve's latest meeting showed "many participants" were concerned inflation would stay below the bank's 2% target for longer than expected.

The minutes echoed comments by Fed Chair Janet Yellen earlier in the week that she was uncertain about the inflation outlook.

While a rate hike in December is still almost fully priced in, investors pared back expectations for further rate hikes in 2018.

Trade volumes remained relatively thin on Thursday with financial markets in Japan closed for a holiday. U.S. markets were to be closed for the Thanksgiving holiday.

UK Economy Expands in Third Quarter

Investing.com - The UK economy expanded as expected in the third quarter, official data confirmed on Wednesday.

In a report, the Office for National Statistics (ONS) said gross domestic product expanded by a seasonally adjusted 0.4% in the three months ended September 30.

Year-over-year, UK economic growth expanded 1.5% in the third quarter, matching the prior quarter’s growth.

The numbers were in line with the first estimates.

Immediately following the report, GBP/USD was trading at 1.3301 from around 1.3291 ahead of the release of the data, EUR/GBP was at 0.8903 compared to 0.8909 and GBP/JPY changed hands at 147.98, compared to the prior 147.88.

Euro Zone Private Sector Output Kicked Higher In November

Investing.com - Euro zone private sector activity accelerated in November, indicating that the region’s economy gained momentum in the fourth quarter, according to data released on Thursday.

The preliminary reading of the Markit manufacturing purchasing managers’ index came in 60.0 at this month from 58.5 in October. It was an 81 month high.

Economists had expected a reading of 58.3.

The services PMI rose to a six-month high of 56.2, compared to expectations for 55.1, from 55.0 a month earlier.

The composite output index, which measures the combined output of both the manufacturing and service sectors rose to a 79 month peak of 57.5 from 56.0, compared to expectations for 56.0.

A reading above 50.0 on the index indicates industry expansion, below indicates contraction.

“The message from the latest Eurozone PMI is clear: business is booming. Growth kicked higher in November to put the region on course for its best quarter since the start of 2011,” said Chris Williamson, chief business economist at survey compiler Markit.

“The PMI is so far running at a level signaling a 0.8% increase in GDP in the final quarter of 2017, which would round-off the best year for a decade.”

Stocks - European Markets Open Lower With PMI Data in Focus

Investing.com - European markets opened lower on Thursday, as investors focused on the release of euro zone manufacturing and service sector activity data due later in the trading session.

The EURO STOXX 50 rose 0.23%, France’s CAC 40 added 0.13%, while Germany’s DAX 30 was up 0.07% by 03:30 a.m. ET (07:30 GMT).

Markets were still jittery after German Chancellor Angela Merkel failed to form a government coalition on Sunday.

Merkel she would prefer a new election to a minority government. However, German President Frank-Walter Steinmeier said that political parties owed it to their voters to try to form a government.

Earlier Thursday, research group Markit said its German manufacturing purchasing managers' index increased to 62.5 in November from 60.6 the previous month, while the services PMI ticked up to 54.9 from 54.7.

The French manufacturing PMI rose to 57.5 this month from 56.1 in October, while the services PMI climbed to 60.2 from 57.3.

Market participants were still awaiting PMI figures for the entire euro zone.

Financial stocks were broadly lower, as French lender BNP Paribas (PA:BNPP) slid 0.33%, while Germany's Deutsche Bank (DE:DBKGn) and Commerzbank (DE:CBKG) lost 0.68% and 1%.

Among peripheral lenders, Italy's Intesa Sanpaolo (MI:ISP) and Unicredit (MI:CRDI) declined 0.14% and 1.07% respectively, while Spanish banks BBVA (MC:BBVA) and Banco Santander (MC:SAN) retreated 0.26% and 0.60%.

Thyssenkrupp AG O.N. (DE:TKAG) added to losses, with shares down 1.78% after the German engineering group reported a record number of elevator orders and said that it still hopes to sign a contract with Tata Steel in early 2018.

In London, FTSE 100 dropped 0.50%, weighed by Centrica (LON:CNA), whose shares dove 16.86% after the company said it lost an additional 823,000 domestic energy customers between the end of June and October.

Mining stocks were also broadly lower on the commodity-heavy index. Shares in Anglo American (LON:AAL) lost 0.55% and Glencore (LON:GLEN) dropped 0.81%, while Rio Tinto (LON:RIO) retreated 0.88%.

In the financial sector, stocks were on the downside. Lloyds Banking (LON:LLOY) fell 0.33% and Barclays (LON:BARC) slumped 0.40%, while the Royal Bank of Scotland (LON:RBS) and HSBC Holdings (LON:HSBA) declined 0.45% and 0.95% respectively.

Meanwhile, Severn Trent (LON:SVT) was one of the top performers on the index, as shares rallied 1.13% after the company pledged to sell off its surplus land, which is expected to help supply the British housing market.

In the U.S., equity markets were to remain closed for the Thanksgiving holiday.

Gold Prices Drift Lower in Thanksgiving Day Trade

Investing.com - Gold prices drifted lower in holiday-thinned trade on Thursday, but losses were capped on speculation the Federal Reserve might not tighten U.S. policy as aggressively as previously thought.

Comex gold futures were down about $2.00, or around 0.2%, to $1,290.13 a troy ounce by 3:15AM ET (0815GMT). Trade volumes were expected to remain light on Thursday, with Comex floor trading scheduled to remain closed for Thanksgiving. An abbreviated session was slated for Friday.

The yellow metal rose 0.8% on Wednesday as the U.S. dollar fell to a four-week low after minutes from the Federal Reserve’s November meeting hinted that the central bank may not be as aggressive in raising interest rates next year as expected due to concern over the sluggish inflation outlook.

That raises the question of whether the Fed will stick to three planned rate increases in 2018.

The U.S. central bank is scheduled to hold its final policy meeting of the year on Dec. 12-13, with interest rate futures pricing in a 100% chance of a rate hike at that meeting, according to Investing.com's Fed Rate Monitor Tool. For 2018, the Fed is currently forecasting three interest rate hikes, but the markets expect two at most.

Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar, in which it is priced.

In other metals trading, silver futures dipped 3.0 cents, or 0.2%, to $17.08 a troy ounce, platinum was down 0.4% at $936.55, while palladium slipped 0.3% to $998.62 an ounce.

Meanwhile, copper futures declined 1.2 cents, or 0.4%, to $3.127 a pound.

Australia stocks lower at close of trade; S&P/ASX 200 down 0.00%

Investing.com – Australia stocks were lower after the close on Thursday, as losses in the Consumer Discretionary, Utilities and Financials sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 fell 0.00%.

The best performers of the session on the S&P/ASX 200 were Automotive Group Holdings Ltd (AX:AHG), which rose 6.94% or 0.240 points to trade at 3.700 at the close. Meanwhile, Beach Energy Ltd (AX:BPT) added 2.83% or 0.030 points to end at 1.090 and Nextdc Ltd (AX:NXT) was up 2.53% or 0.140 points to 5.670 in late trade.

The worst performers of the session were Webjet Ltd (AX:WEB), which fell 6.67% or 0.700 points to trade at 9.790 at the close. Coca-Cola Amatil Ltd (AX:CCL) declined 4.64% or 0.370 points to end at 7.610 and A2 Milk Company Ltd (AX:A2M) was down 4.16% or 0.330 points to 7.600.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 645 to 570 and 358 ended unchanged.

Shares in Coca-Cola Amatil Ltd (AX:CCL) fell to 5-year lows; down 4.64% or 0.370 to 7.610. Shares in Nextdc Ltd (AX:NXT) rose to all time highs; rising 2.53% or 0.140 to 5.670.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 3.51% to 10.347 a new 6-months low.

Gold Futures for December delivery was down 0.19% or 2.47 to $1289.73 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.24% or 0.14 to hit $57.88 a barrel, while the January Brent oil contract fell 0.28% or 0.18 to trade at $63.14 a barrel.

AUD/USD was down 0.04% to 0.7618, while AUD/JPY rose 0.06% to 84.78.

The US Dollar Index Futures was down 0.01% at 93.14.

Asian Shares Mixed With Nikkei, Hang Seng Up Despite Fed On Rates

Investing.com - Asian shares were mixed with Tokyo and Hong Kong continuing to show strength even with a poor US lead and concerns about Fed policy in 2018 on interest rates.

Japan's Nikkei 225 rose 0.48% while Australia's S&P/ASX 200 dipped 0.13%. Amazon (NASDAQ:AMZN)'s expected soft launch in Australia saw some retailers mixed. Harvey Norman was off 0.64% and Woolworths was higher by 0.04%.

In Greater China, the Shanghai Composite fell 0.86% and the Hang Seng index edged up 0.07% above 30,000.

Federal Reserve officials expressed largely optimistic views of economic growth at their most recent meeting but also started to worry that market prices are getting out of hand and posing a danger to the economy.

Minutes from the November Federal Open Market Committee meeting indicated solid views on growth – the labor market, consumer spending and manufacturing all were showing solid gains. While there were disagreements on the pace of inflation, sentiment otherwise was largely positive.

“In their discussion of the economic situation and the outlook, meeting participants agreed that information received since the FOMC met in September indicated that the labor market had continued to strengthen and that economic activity had been rising at a solid rate despite hurricane-related disruptions,” the minutes stated.

However, when it came to evaluating market conditions, the talk took a more cautious tone.

“In light of elevated asset valuations and low financial market volatility, several participants expressed concerns about a potential buildup of financial imbalances,” the minutes stated. “They worried that a sharp reversal in asset prices could have damaging effects on the economy.”

Overnight, US stocks closed mixed on Wednesday after a rally in tech was offset by a slump in financials as the Federal Reserve expressed concerns about high asset valuations.

The Dow Jones Industrial Average closed higher at 23,526. The S&P 500 closed 0.08% lower while the Nasdaq Composite closed at 6867.36, up 0.07%.

In what was subdued day on Wall Street as volumes were light ahead of the Thanksgiving holiday on Thursday, investors digested mixed earnings reports which did little to lift sentiment on equities.

Despite posting earnings that beat estimates, HP Inc. fell more than 8% after CEO Meg Whitman announced she will leave her role early next year. Shares of Salesforce, meanwhile, slipped 1.82% as weak guidance offset better-than-estimated quarterly earnings.

On the economic front, upbeat initial jobless claims data was offset by a slump in durable goods orders for October.

The U.S. Department of Labor reported Thursday that initial jobless claims fell 13,000 to a seasonally adjusted 239,000 for the week ended Nov. 18, missing forecasts of a 10,000 increase.

The Commerce Department said on Wednesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 0.5% last month after an upwardly revised 2.1% increase in September.