German Business Confidence Increases And Oil Rises

Oil rose after German business confidence unexpectedly increased from the lowest level in two and a half years in November, signalling Europe’s biggest economy could gain strength.

As quoted in market news:

The economic data from Europe is increasing hopes that things will improve in the region. The shooting in Gaza is boosting concerns about whether the cease-fire will hold. As a result, the geopolitical premium isn’t leaving the market like expected.

Click here to read full Bloomberg article.