US Markets Closed; German Business Confidence Rises
Comstock/Thinkstock(NEW YORK) -- The U.S. markets are closed Thursday for the Thanksgiving holiday but world markets have edged higher.
There's speculation that China might ease its monetary policy and that is easing fears Germany's strong economy may be succumbing to Europe's debt crisis. Benchmark oil was hovering over 96 dollars a barrel, while the dollar fell against the euro and the yen.
A closely watched survey shows German business confidence rose unexpectedly this month, despite the lingering European debt crisis. It breaks a trend of four months of falling business confidence.
Global markets were spooked Wednesday by the poor results at an auction of German debt -- with only 60 percent demand -- and by news the Dow fell for a sixth straight day.
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