FTSE 100 and others hold steady in thin trading
|European markets have made modest gains on a day bereft of US volumes, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
FTSE 100 holds firm
“UK assets continue to hold up well in the wake of the Budget, with the FTSE 100’s session lead by Persimmon and a host of banks also gaining. The day has been one of drift for global indices without US liquidity, but the rebound from last week’s lows remains intact. Once more stock markets have avoided significant downside, continuing the theme of the last six months, namely a rally that no one quite trusts, but one they can’t ignore.”
Investors give thanks for US earnings
“2025 has been another solid year for stock markets, and were it not for April’s madness US stocks would likely be even higher than they are now. While Thanksgiving is a US tradition, investors around the world can give thanks for both the resilience of the US economy and the remarkable growth of US earnings in recent years. The recovery from April means Donald Trump has been pardoned for his tariff mania, and taken off the naughty list in time for Christmas.”
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