Overnight: US stocks closed mostly lower on Friday, pulling back from Wednesday's record levels, but still achieved gains for the week and month

Bell Potter
Bell Potter Stockbroker

Overnight: US stocks closed mostly lower on Friday, pulling back from Wednesday's record levels, but still achieved gains for the week and month. Treasury prices inched lower in holiday-shortened trading, putting the market on track for monthly losses as it prepares for data next week that could help dictate the direction of the Federal Reserve's monetary policy. Gold futures rose, Nymex oil futures edged higher. London stocks pushed higher on the final trading session of the month. The main FTSE 100 index posted a small loss for November, one of the few European national benchmarks to do so. European stock markets opened largely flat on Friday, with sentiment dinged by an unexpected drop in retail sales in October. London BHP down 0.88%. Rio up 0.02%. New York BHP up 0.57%. Rio up 4.14% LME Base metals traded traded higher.

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