In European Equity Markets the pan-European Stoxx 600 index ended higher by 0.25 percent in late afternoon with stocks in the Basic Resources basket among those leading the gains. The mining and oil heavy FTSE 100 saw gains, helped by a recovery from Brent Crude and a decline in pound sterling. Deutsche Bank fell 3.7 percent following news of a police raid to its headquarters in Frankfurt, amid allegations of money laundering against the country’s flagship lender.

In Currency Markets the greenback gained slightly on Thursday as investors continued to digest comments from Federal Reserve Chairman Jerome Powell on Wednesday that took a more dovish turn than expected and sent the dollar falling. Elsewhere, the pound lost about 0.4 percent against the dollar on concern about the UK parliament’s vote on Brexit and after the Bank of England warned of risks to the currency if Britain leaves the European Union in a disorderedly manner.

In Commodities Markets oil reversed course and rose on Thursday, after industry sources said Russia had accepted the need to cut production together with OPEC. The price is still set for its biggest monthly fall since the depths of the financial crisis in 2008, having lost more than 22 percent so far in November. Brent crude futures were last up 45 cents on the day at $59.25 a barrel, off an earlier session low of $57.50, while U.S. crude futures gained 75 cents to trade at $51.04.

In US Equity Markets stocks fell on Thursday as investors turned risk averse in the run up to U.S.-China trade talks at the upcoming G20 Summit after President Donald Trump said there was “a long way to go” on tariffs with Beijing. Ten of the 11 major S&P 500 sectors were in the red, with trade-sensitive industrial stocks down 0.2 percent. The S&P 500 was down 0.27 percent, at 2,736.44 and the Nasdaq Composite fell 0.29 percent, at 7,270.59.

In Bond Markets major euro zone government borrowing costs dipped to their lowest level in three months on Thursday, following U.S. Treasury yields lower, on comments that many investors saw as a sign the U.S. Fed’s tightening cycle was drawing to a close. Euro zone government bond yields followed for the most part, with German 10-year yields hitting a three-month low of 0.321 percent, down 3 basis points on the day.