Morning Report 30 Nov 21: ASX to build on Monday’s recovery after Wall St ends higher

US sharemarkets rebounded on Monday with the S&P technology subindex leading the way. The S&P 500 index lifted 1.3%. And the Nasdaq index rose by 291 points or 1.9%. European sharemarkets rebounded on Monday. The panEuropean STOXX 600 index rose by 0.7%  - the best day in a month - but only regained a portion of the 3.7% loss on Friday. Travel & leisure stocks rose by 1.8%. There were also gains in energy, financial and mining stocks. The German Dax index rose by just 0.2%, constrained by data showing harmonised consumer price inflation at a record high of 6%. And the UK FTSE index rose 0.9%. In London trade, shares in Rio Tinto lifted by 1.7% and BHP shares gained 2.9%.

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