Search This Blog

Search Tool

Nov 30, 2016

European Markets Closing Report on November 30, 2016: Europe Closes Higher as OPEC Agrees Production Cut
Silvia Amaro, Sam Meredith
European markets closed higher on Wednesday afternoon as investors cheered an agreement among OPEC members to cut production and closely followed political developments in Italy.

RBS shares fall


FTSE FTSE 6783.79
11.79 0.17% 1217608344
DAX DAX 10640.30
19.81 0.19% 110326091
CAC CAC 4578.34
26.88 0.59% 143644054
IBEX 35 IBEX 35 Idx 8688.20
21.20 0.24% 350821962
The pan-European Stoxx 600 was 0.4 percent higher in afternoon trade, buoyed by OPEC reaching a deal among all 14 member countries to curtail oil production for the first time since 2008. Oil and gas stocks were leading the gains, up over 3.5 percent.
Meanwhile in the U.S., the Dow Jones industrial average traded higher on the last trading day of a record-breaking month fueled by President-elect Donald Trump's impact on the markets.

OPEC deal in the balance

Oil prices soared more than 7 percent to almost $50 a barrel on and rallied to five-week highs on news of the OPEC deal.

Given the recent spike in bond yields, which of the following countries will have the highest 10-year yield in 12 months' time?

Total Votes:
Not a Scientific Survey. Results may not total 100% due to rounding.