Global Equities and Dow Futures Rise as Oil Prices Rise



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Global equities regained ground on Monday after a difficult week. Dow futures have jumped nearly 300 points and Nasdaq-100 futures have also signaled a positive start for Wall Street when US markets would open later, a rebound in oil prices offering a new optimism to start the week.

Where are the commercial markets now?

Dow Jones Industrial Average – Futures Contracts

YMZ8, + 1.04%

jumped 270 points, or 1.1%, to 24,528, while the futures on the S & P 500 Index

ESZ8, + 1.11%

jumped 32 points, or 1.2%, to 2,661.75. Nasdaq-100

NQZ9, -1.74%

rebounded 112 points, or 1.7%, to 6,442.75.

Gains were also seen in the Asian and European markets. The Stoxx Europe 600 index

SXXP, + 0.83%

rose 1.2% while Japan's Nikkei Stock Average

NIK + 0.76%

gained 0.7%

Friday, the Dow Jones Industrial Average

DJIA, -0.73%

dropped from 178.74 points, or 0.7%, to 24,285.95, the S & P 500 index

SPX, -0.66%

17.37 points, or 0.7%, to 2,632.56, while the Nasdaq composite index

COMP -0.48%

fell by 33.27 points to 6,938.98, down 0.5%.

Last week, the Nasdaq fell 4.3%, the Dow Jones closed the week down 4.4%, while the S & P 500 was down 3.8% over a week. This is the worst week of Thanksgiving since 2011 for the three US indexes.

What is the conduct of stocks?

Oil price losses contributed to inventory declines last week, and the opposite was true for Monday. After losing 7.7% in Friday's single session, the US crude oil futures

CLF9, + 1.86%

increased by 1.6% to $ 51.20 per barrel, while Brent crude

LCOF9, + 2.36%

jumped 2% to $ 60.01 Monday.

In Europe, reports of a meeting between Prime Minister Giuseppe Conte and the President of the European Commission, Jean-Claude Juncker, which could mean the end of the budget wedge between Italy and Europe. EU, have helped support European actions. British Prime Minister Theresa May also withdrew from an EU meeting with the approval of her agreement on Brexit.

Opinion: El-Erian: Neglected Brexit warnings to the rest of the world

Actions of Amazon.com Inc.

AMZN, -0.97%

increased by more than 2% in light pre-commercial trade compared to forecasts. Cyber ​​Monday Holiday sales are expected to generate $ 7.8 billion in revenue this year, an 18% gain over the previous year. Adobe Analytics.

While attendance at major retailers was down during Thanksgiving and Black Friday, Internet sales for the period up 26.4% from the previous year to $ 12.3 billion.

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