Black Friday Optimism

Friday presented opportunity for market optimism on both sides of the Atlantic.

The Eurozone saw positive data published regarding the demand side, with prices increasing by an estimated 0.9%.

Unemployment also provided its fare share as it decreased to 12.1%.

That supported the German DAX index and the Spanish IBEX35, closing the week at +1.6% and +1.1% weekly increases respectively.

Black Friday Optimism

Black Friday Optimism

 

At first, U.S. markets didn’t appear to need any data derived support; Although no positive figure was released in the U.S. on Friday, markets opened with a positive trend, due to optimism based on what appeared to be strong “Black Friday” consumer demand.

The S&P 500 gained +0.2% throughout the trading day and the NASDAQ and DJIA complimented with similar figures.

This reverted, however, as reports from leading U.S. retailers suggested local demand wasn’t as strong as it seemed, leading both the Dow, as well as the S&P to conclude the day in negative territory.

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