Manufacturing surveys in China and the United States boosted confidence over the global economic recovery. However, analysts said similar surveys for euro area activity due later are expected to show the region stuck in recession, which could sour sentiment, though trading is likely to be subdued with Wall Street closed for the Thanksgiving holiday. The China HSBC flash Manufacturing Purchasing Managers Index rose to a 13-month high of 50.4 in November, pointing to a revival in economic growth after seven consecutive quarters of slowing. The prospects of a deal to help Athens were boosted when German Chancellor Angela Merkel said on Wednesday after the failure of overnight talks that an agreement was possible when euro zone ministers meet on Monday.

AgroInvest comment: The end of the year is usually a period when improvement and growth are characteristic for the season.

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