{"id":87875,"date":"2023-11-23T06:38:12","date_gmt":"2023-11-23T11:38:12","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/thanksgiving-closes-u-s-markets-global-stocks-drift-higher\/"},"modified":"2023-11-23T06:38:13","modified_gmt":"2023-11-23T11:38:13","slug":"thanksgiving-closes-u-s-markets-global-stocks-drift-higher","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=87875","title":{"rendered":"Thanksgiving Closes U.S. Markets. Global Stocks Drift Higher."},"content":{"rendered":"
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<\/p>\n<\/figure><\/div>\n

Global stocks mostly drifted higher on Thursday, with sentiment remaining positive amid recent investor optimism that the Federal Reserve has finished raising interest rates in its fight against inflation\u2014a narrative broadly supportive of equities.<\/p>\n

With U.S. markets closed for the Thanksgiving holiday\u2014reopening on Friday for an abridged session\u2014trading volumes are light amid few major catalysts.<\/p>\n

\n

London\u2019s
\n FTSE 100
\n was a rare faller, down 0.1%, but the Paris
\n CAC 40
\n advanced 0.2% and Frankfurt\u2019s
\n DAX
\n was up 0.1%. The pan-European
\n Stoxx 600
\n hovered around flat.<\/p>\n

Hong Kong\u2019s
\n Hang Seng Index
\n rose 1% and the
\n Shanghai Composite
\n finished 0.6% higher, with Tokyo markets closed for a Japanese holiday.<\/p>\n

Overseas markets saw a \u201cfeel-good holiday vibe emanating from the U.S., as Wall Street headed into the Thanksgiving weekend,\u201d said Susannah Streeter, an analyst at broker Hargreaves Lansdown. <\/p>\n

\u201cWith worries about another hike from the Fed now largely put to bed, and the economy showing fresh signs of resilience, there is hope that a soft landing will be achieved despite interest rates scaling such heights. As turkey dinners take center stage today, trading will be thin,\u201d she added.<\/p>\n

Write to Jack Denton at jack.denton@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Global stocks mostly drifted higher on Thursday, with sentiment remaining positive amid recent investor optimism that the Federal Reserve has finished raising interest rates in its fight against inflation\u2014a narrative broadly supportive of equities. With U.S. markets closed for the Thanksgiving holiday\u2014reopening on Friday for an abridged session\u2014trading volumes are light amid few major catalysts. […]<\/p>\n","protected":false},"author":1,"featured_media":59298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-87875","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nThanksgiving Closes U.S. Markets. 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