U.S. markets are moving up Thursday morning after two days of little movement. The S&P 500 is up 0.26% and the Dow is rising 0.23%. There were 290,000 initial claims for unemployment in the week of 11/8 up from 278,000 the prior week.
Asian markets were mixed Thursday with Japanese stocks continuing their upward run. The Shanghai Composite fell 0.36% while the Nikkei is up 1.14%.
European markets are up today as British pound reached a 24-month low against the Dollar. The FTSE is up 0.23%, and the DAX is up 0.43%.
Energy futures are down today. The price for West Texas Intermediate crude oil is $76.34 per barrel, down $0.84 and natural gas is down $0.03. Metals prices are mixed. Gold is up $2.10 and platinum is down $2.10. The Dollar is down against the Euro and the Yen.
Michael Haden is an Options Analyst at InvestorsObserver. He graduated from James Madison University in 1986 with a degree in Marketing. In two decades with Standard & Poor’s, Michael honed his analytical skills in the Financial Industry. He has a conservative view toward investing and prefers value stocks to high-fliers with big risk..