International News and Market Update: Amazon workers plan strikes on Black Friday, and more

 International News and Market Update: Amazon workers plan strikes on Black Friday, and more

International News and Market Update: Amazon workers plan strikes on Black Friday, and more.

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European stocks closed higher on Thursday as investors continued to monitor political developments and the covid crisis. The pan-European Stoxx 600 closed 0.4% higher, with utilities leading the gains with a 1.8% gain, while most sectors and major bourses traded in positive territory. Germany’s gross domestic product (GDP) grew 1.7% in the third quarterfrom the previous quarter, slightly below expectations, official statistics said Thursday. Meanwhile, Sweden’s first female prime minister, Social Democrat Magdalena Andersson, resigned just hours after her appointment.

U.S. markets were closed Thursday for the Thanksgiving holiday and will close in a shortened session early today.

Stocks in the Asia-Pacific region slipped in early trading today, with Japanese shares leading the region’s losses. Japan’s Nikkei 225 fell 2.37%, while shares of conglomerate SoftBank Group slid more than 4%. Australia’s S&P/ASX 200 fell 1.37%. Australia’s retail sales rose 4.9% in October from the previous month, seasonally adjusted, according to official estimates released Friday. That was far more than the 2.5% rise forecast in a Reuters poll. Shares of Asia-Pacific tour operators fell this morning on renewed fears around the covid.

Amazon workers plan strikes on Black Friday

Amazon workers in 20 countries – including the US, UK and several EU countries – are planning protests and work stoppages on Black Friday. The shopping day is one of the busiest days of the year for Amazon. The group Make Amazon Pay says “Amazon takes too much and gives too little back”. It is backed by a coalition of labour groups, unions, grassroots campaigns and nonprofits in individual countries. The company has also been accused of taking an anti-union stance, particularly in the US. A landmark push to unionise a plant in Bessemer, Alabama, failed earlier this year but was investigated by U.S. regulators over allegations that the company pressured employees during the vote.

Shares of German cannabis company rise after new government pledges to legalise drug

Shares in German cannabis company SynBiotic rose sharply on Thursday shortly after the new government pledged to legalise the drug. Shares in the Munich-based company rose 33% to 29 euros ($33) on the Frankfurt Stock Exchange. The company now has a market capitalization of more than 100 million euros. On Wednesday, an agreement was reached between the centre-left Social Democratic Party, the Greens and the Free Democratic Party reached an agreement on Wednesday on a coalition in which they will govern together for the first time. The so-called “traffic light” coalition agreed on plans to legalise the sale of cannabis for recreational use to adults in licenced shops.

Mandy Nunes

https://gvmarkets.com/

Mandy Nunes is the Chief Marketing Officer for GV Markets. With 15 years of experience in the Financial Services Industry within the South African market, she has held various responsibilities within the business development, marketing, operations and regulatory space – leading to a very fitting position within the Trading and Investment environment. Mandy has notably been the editor of 'The Ordinary Millionaire', along with having written numerous pieces within the industry at large. Holding both legal and wealth management qualifications, her goal is to bring about massive success for, and within, GV Markets. GV Markets is a South African forex and CFD broker that offers comprehensive trading solutions to both retail and professional traders. GV Markets prides itself in being a well-regulated and reputable STP brokerage that works according to a No-Dealing Desk trading model, offering traders access to some of the best liquidity providers in the country.

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