European stock markets broadly higher,
European stock markets broadly higher, with DAX and FTSE 100 posting gains of 0.55% and 0.65% respectively. The MIB outperformed, but is down from highs amid conflicting signals on the lingering budget dispute with Brussels. Overall though stock market sentiment started to stabilise during the Asian session and improved further in Europe. Tech stock concerns still saw Topix and Nikkei closing with losses of -0.60% and -0.35% respectively, but the Hang Seng was up 0.51% at the close, Shanghai and Shenzen Comp closed with gains of 0.21% and 0.54% respectively as officials hammer out the details of a meeting between President Trump and Chins'a President Xi Jinping in Buenos Aires on December 1. Oil prices moved higher and the front end Nymex future is trading comfortably above the USD 54 per barrel mark, and U.S. futures are moving higher, although the multitude of risks from trade tensions to Brexit concerns will likely limit gains for now, even if the OECD forecast remains cautiously optimistic that a hard landing for the world economy can be avoided.