US exchanges are closed on Thursday for Thanksgiving.

Global stock indexes were holding near record highs on Thursday, while the rally in European stocks paused.

November was the best month on record for the stock market. It helped by positive news about vaccines and hopes that the Biden administration will provide additional economic incentives and provide political stability.

The MSCI global stock index, which tracks stocks in 49 countries, rose to a record high on Wednesday and held near a record high on Thursday, rising 0.1 percent.

The European STOXX 600 index, which rose a record 14.4 percent in November, was down 0.1 percent on the day.

Investors were encouraged by the US Federal Reserve meeting results, which were held on November 4-5. According to the meeting minutes, the fed’s management discussed how to adjust the asset purchase program to provide additional support to the economy. It is reported that new guidelines for buying bonds may be presented soon.

The dollar sank on Thursday night and then recovered somewhat during the European session. Against a basket of currencies, it is holding at 92.056, hitting its lowest level in almost three months in early trading in London.

The dollar also weakened against the Japanese yen, down 0.2 percent.

US markets are closed on Thursday for Thanksgiving.

New quarantine restrictions sent consumer confidence plummeting in November, casting doubt on the prospects for rapid normalization in the Euro zone’s two largest economies in France and Germany.

German Chancellor Angela Merkel told Parliament that the quarantine regime would remain in effect until at least the end of December, and possibly longer.

The Euro fell 0.1 percent against the dollar to $ 1.1902. The Euro against the pound rose 0.2 percent to 89.12.


British investors are anxiously watching the progress of trade negotiations between the UK and the European Union, while the end of the transition period is just over a month away.

On Thursday, the UK’s Finance Minister said that the General outline of the agreement with the EU is already clear, but the UK will not sign the agreement at any cost.

This week, the UK announced new restrictions that will affect after the end of the month-long quarantine on December 2. London’s FTSE 100 index was down 0.5 percent.

Oil prices fell, interrupting a rally that saw futures hit an eight-month high on Wednesday.