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Europe keeps rockin’ with oil bound to be more contracted by OPEC

Top Market Trends for Nov 30, 2017

Europe keeps rockin’ with oil bound to be more contracted by OPEC

Black gold keeps on goldin’

Europe’s starting to play hard! Shares on the Old continent managed to shrug off a boring Asian session after consumer price growth wasn’t as high as was thought in November.

Interesting about this session – investors switched from some of the better performing shares this year like technology and diverted resources to laggers like utilities.

The common currency managed to erase an early gain. This happened after the drop in the unemployment failed to start off inflation.

Gains in real estate and utilities drove Stoxx Europe 600 higher. It got up a full half a percent.

Meanwhile in the US the started debates over tax has gotten traders to switch from techies to the ones that would benefit more from the slash of corporate tax. That would be banks.

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This post first appeared on Bull Markets Blog — Fearless Trading, please read the originial post: here

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Europe keeps rockin’ with oil bound to be more contracted by OPEC

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