On 26 November, 2015 – Global markets advanced

US markets were closed for Thanksgiving. European markets rose, with the UK, in particular, gaining on strong mining and defense stocks.
Europe
European stocks ended at a three-month high Thursday, with the Stoxx Europe 600 rising 0.9% and France’s CAC 40 up 1.1%. Aided by losses of the euro, which was stuck at around seven-month lows on Thursday, German stocks climbed for a second consecutive session, ending 1.4% higher.
The UK’s FTSE 100 rose 0.9%, as mining and defense shares advanced. Gains for miners were driven by a 2% jump in copper futures. Shares in commodities trader and miner Glencore, copper producer Antofagasta, precious metals miner Fresnillo and Anglo American rose. However, BHP Billiton’s shares fell as the company refuted claims about the presence of toxic chemicals in mud from a dam that burst at a mining operation jointly owned by BHP. Defense stocks, such as BAE Systems and combat training systems maker Meggitt, rose after UK Prime Minister David Cameron proposed the launch of airstrikes against terrorist group ISIS in Syria.
Meanwhile, shares of Infineon Technologies surged, topping both the DAX and the Stoxx 600, after the German chip maker’s quarterly profits almost doubled, helped by earnings at its recent acquisition, International Rectifier. Shares in Volkswagen rose despite news that South Korea has ordered the auto maker to recall more than 125,000 diesel-powered cars after it found that the company installed emissions-cheating software in the vehicles.
Asia Pacific
The Nikkei Stock Average extended a two-month rally spurred by a weakening Japanese yen. The index rose 0.5%, while Australia’s S&P/ASX 200 gained 0.3% and South Korea’s Kospi rose 1.1%. The Shanghai Composite Index, however, fell 0.3% and Hong Kong’s Hang Seng Index was flat.
In China, profits earned by industrial companies fell 4.6% in October from a year earlier, declining for a fifth consecutive month. Industrial profits, which cover large enterprises with annual revenues of more than 20 million yuan from their main operations, fell 2% in the first 10 months of the year compared with the same period a year earlier, according to data from the National Bureau of Statistics.
In Australia, materials shares fell, with commodities like copper and nickel having tumbled to multi-year lows.
Global Stock Market Recap

Please remember, the value of investments and the income from them can do down as well as up. Funds that invest in overseas markets may be subject to currency fluctuations. Investments in small and emerging markets can be more volatile than other overseas markets. Reference in this document to specific securities should not be construed as a recommendation to buy or sell these securities, but is included for the purposes of illustration only.
Looking forward*
Friday — Japan releases October unemployment, household spending and consumer prices. France posts October consumption of manufactured goods and producer prices. The UK reports its second estimate of third quarter GDP. The Eurozone reports final November economic sentiment. The US reports weekly money supply and Fed balance sheet.
*Note — all releases are listed in local time.