At 03:35 am ET (08:35 GMT), Germany’s DAX was trading 0.4% higher, France’s CAC 40 was up 0.1%, and the UK’s FTSE was up 0.1%.

On Wednesday, it announced additional measures to combat the new surge in COVID-19. After that, France shut down all non-essential businesses, and Germany closed its hotel industry for a month. This hit European stocks hard on Wednesday, with the DAX closing 4.2% lower, for example.

Positive corporate news helped stabilize the situation on Thursday.

Oil producer Royal Dutch Shell posted higher-than-expected third-quarter earnings and increased dividends. Its shares were up 3.3%.

British bank Lloyds reported its results in the third quarter. They were above analyst expectations for profit after the largest increase in mortgage applications since 2008. The company’s shares were up 2%.

Nokia shares were down more than 12%. The Finnish telecommunications equipment maker reported disappointing third-quarter basic profit in its first statement of income under new CEO Pekka Lundmark.

On Thursday, oil prices fell. This was served by the prospects for global demand after the introduction of new restrictive measures in Europe due to COVID-19.

In addition, data from the US Energy Information Administration (EIA) on Wednesday showed that the country’s crude oil inventories rose 4.3 million barrels last week, fueling concerns about a potential oversupply.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.