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SEOUL, South Korea (AP) — There's no trading on U.S. markets today because of the Thanksgiving holiday and only a short session tomorrow, but international stock markets were mostly higher on expectations for additional European Central Bank stimulus. Jitters about tensions between Russia and Turkey have begun to fade.
Next Thursday, the European Central Bank's governing council meets to set monetary policy for the 19-nation bloc of euro countries in Frankfurt, Germany. It has already deployed quantitative easing and some analysts expect additional measures to help revive the moribund European economy and avoid deflation.
U.S. data yesterday showed that consumer spending inched up 0.1 percent last month while spending on long-lasting manufactured goods improved in October, after two months of declines.
Benchmark U.S. crude oil fell to just below $43 per barrel.
The dollar weakened against the yen and rose against the euro.
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