The Euro continued to rise on Friday for the fourth day in a row to reach its highest level against the US dollar over six weeks at 1.1874, as investors were optimistic about the recovery of the Euro zone economy, especially after yesterday's manufacturing and service data showed a significant improvement.
The German Business Climate Index - which shows the confidence of companies in the health of the economy - continued to record new highs, with 117.5 points in November. This index is based on more than 7,000 business surveys.
Crude oil prices continue to rise as US crude is trading at $58.50 a barrel and is expected to continue to rise to as high as $61. Markets are awaiting next week's meeting of oil producers amid expectations of an extension of the production reduction agreement beyond March 2018.
