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    Business news: Thanksgiving dominates, Black Friday awaits

    By Jenny McCall

    13:43, 25 November 2021

    A picture of a US Thanksgiving holidays chalk board
    Consumers prepare for Black Friday deals as investors look for supply chain issues – Photo: Shutterstock.

    Key points

    • It's Thanksgiving today in the US and the markets there are closed. Tomorrow investors will be watching key retail stocks as the holiday shopping season kicks in with Black Friday deals. Investors are weighing supply chain issues against potential sales to see if there are any wins to be hand.
    • German gross domestic product (GDP) increased by 1.7% in the third quarter of 2021 compared to the second quarter of the year.
    • Goldman Sachs strategists expect the US Federal Reserve to likely double the pace of the tapering of its monthly bond purchases from January to $30bn, and wind down its pandemic-era bond buying scheme by mid-March, according to a report by Reuters.

    Business and economic news

    • General Mills (GIS) has agreed to sell its European dough businesses to Cérélia, a chilled ready-to-bake dough product specialist. The price was not disclosed.
    • Retail and leisure assets specialist NewRiver REIT saw its shares soar today after it revealed its half-year losses narrowed to £49.9m ($66.5m) as its operational and financial metrics improved significantly.

    Markets

    Stocks: The New York Stock Exchange and Nasdaq both closed today for Thanksgiving

    Oil: Oil prices steadied today, as investors eyed how major producers respond to the U.S.-led emergency oil release

    Gold: Gold prices edged higher today, driven by persistent inflation concerns.

    USD/JPY

    146.18 Price
    +0.820% 1D Chg, %
    Long position overnight fee 0.0112%
    Short position overnight fee -0.0194%
    Overnight fee time 22:00 (UTC)
    Spread 0.010

    AUD/USD

    0.66 Price
    -0.260% 1D Chg, %
    Long position overnight fee -0.0072%
    Short position overnight fee -0.0011%
    Overnight fee time 22:00 (UTC)
    Spread 0.00006

    EUR/USD

    1.08 Price
    +0.100% 1D Chg, %
    Long position overnight fee -0.0080%
    Short position overnight fee -0.0003%
    Overnight fee time 22:00 (UTC)
    Spread 0.00006

    AUD/USD_zero

    0.66 Price
    -0.260% 1D Chg, %
    Long position overnight fee -0.0072%
    Short position overnight fee -0.0011%
    Overnight fee time 22:00 (UTC)
    Spread 0.00006

    Forex: The dollar rose higher today, as investors bet on interest rates rising in the US quicker than other major economies.

    Crypto: Bitcoin was up 4.00% and Ethereum was up 4.03% today.

    What to watch today

    • UK pub operator Mitchells & Butlers has announced a return to profitability since Covid-19 restrictions were lifted but warned the trading environment remains challenging.

    Markets in this article

    Gold
    Gold
    1994.06 USD
    -11.05 -0.550%
    MAB
    Mitchells & Butlers
    2.346 USD
    0.018 +0.790%
    MAB
    Mitchells & Butlers
    2.346 USD
    0.018 +0.790%
    MAB
    Mitchells & Butlers
    2.346 USD
    0.018 +0.790%
    NRR
    Newriver Retail
    0.8475 USD
    -0.008 -0.990%

    Related topics

    #Dollar (USD) #Oil #Earnings #Forex #Bitcoin

    Rate this article

    The difference between trading assets and CFDs
    The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
    You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
    CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
    CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
    Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

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