Oil Falls as Mideast Tension Between Russia and Turkey Eases

Oil fell in New York for the first time this week as fears of Russian military retaliation against Turkey dissipated. West Texas Intermediate for January delivery fell 53 cents, or 1.2 percent, to $42.51 a barrel at the 1 p.m. close of trading on the New York Mercantile Exchange. The volume of all futures traded was 74 percent below the 100-day average. Floor trading was closed today because of the U.S. Thanksgiving holiday. Brent for...

Gold Held Near Five-Year Low as U.S. Rate-Increase Bets Rise

Gold held near a five-year low as economic data from the U.S. shifted investors’ focus back to when the Federal Reserve will start to raise borrowing costs and away from geopolitical tensions in the Middle East that had buoyed prices. Bullion for immediate delivery was little changed at $1,071.48 an ounce by 1:52 p.m. in London after dropping to $1,064.55 on Nov. 18, the lowest level since February 2010, according to Bloomberg generic...

Asian Stock Futures Climb Amid Metals Bounce; Euro Holds Losses

A rally in metals burnished the outlook for Asian stocks, with index futures foreshadowing gains from Japan to Australia ahead of data on Chinese industrial company profits. Futures on equity gauges in the region climbed at least 0.1 percent after signs that China may act to prop up metals prices saw copper to zinc and aluminum jump to their highest levels in at least a week. U.S. index futures rallied Thursday with most other markets...

European stocks close at 3-month highs

European stocks ended at a three-month high Thursday, with a rally in Infineon Technologies AG helping to push the region’s benchmark to a second straight session of gains. The Stoxx Europe 600 rose 0.9% to 384.37, its best finish since Aug. 18, according to FactSet data. Thursday’s win builds on Wednesday’s 1.4% rally, which came after a report that the European Central Bank is looking at expanding stimulus measures for the eurozone. The ...

European Stocks Climb for Second Day as Miners, Automakers Rise

Gains in commodity producers and carmakers pushed European stocks up for a second day. The Stoxx Europe 600 Index rose 0.3 percent at 8:11 a.m. in London. Miners advanced for the first time in five days as commodities climbed. Automakers gained, with the euro trading near its lowest level since April. The European stock benchmark gauge rallied 1.4 percent yesterday, climbing after a two-day slump. The index is again nearing a three-month...