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US equity markets closed higher ahead of Thanksgiving, with small-cap shares leading gains. Long-term government bond yields briefly fell to a two-month low before rebounding on higher consumer inflation expectations. Nvidia’s strong earnings, despite concerns about export restrictions on China, contributed to the technology sector’s positive performance. The S&P 500 and Nasdaq Composite both reached new four-month highs. In Europe, equities rose to a two-month high, driven by real estate shares while the FTSE 100 lagged due to weak crude prices and an OPEC+ meeting delay.
Summary for 23.11.2023
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