09:05am    Nice lazy start to my day, no trading just a few jobs around the house then a clay pigeon shoot this afternoon.

No Market Update or trading tomorrow (Friday) as I am away in Norfolk on a track day.

Market Update:

The markets should be quite quiet today due to the U.S. Thanksgiving holiday but equities in Europe have got off to a bullish start this morning with both the Dax-30 and FTSE100 ahead already. Overnight in Asia, Chinese equities finished mixed but slightly down and the Japanese Nikkei 225 managed a 0.5% rise at the close a short while ago.  New home sales and consumer sentiment numbers out in the U.S. yesterday was slightly disappointing and did cause a fall in equities at the start of the session but durable goods did come in higher than expectations and by late afternoon the main indices had recovered earlier losses and finished largely flat.

Wednesday’s U.S. Crude Oil Inventories numbers showed a slower than expected rise in stocks and this caused a bullish reaction after earlier losses so in the end WTI Crude ended the day only slightly higher at $43:11 and is now resting on its 20-day moving average as traders assess their week’s profits, the price has risen over $3 in just six days.