LIVE MARKETS-Before the bell: six month rally, CME outage

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BEFORE THE BELL: SIX MONTH RALLY, CME OUTAGE

The pan European STOXX 600 index is set for a sixth consecutive monthly rally and the biggest weekly rise in two months as revived hopes of an imminent U.S. rate cut helped soothe valuation jitters.

But stocks are set to end the month in a chaotic fashion as an outage at exchange operator CME Group CME.O halted trade on its popular currency platform and in futures including stocks, freezing a handful of benchmarks as brokers pulled products.

Prices for S&P 500 futures ESc1 were not updating, according to LSEG Data, while prices for European futures are showing Eurostoxx 50 futures STXEc1 and Dax futures FDXc1 flat on the day, while FTSE futures FFIc1 are up 0.2%.

U.S. markets, which were closed on Thursday for the Thanksgiving holiday, are due for a shortened session on Friday, so activity is more muted than usual.

(Joice Alves)

EARLIER ON LIVE MARKETS:

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