Stock market rises at the end of last week were driven by speculation on the possibility the European Central Bank (ECB) decides to adopt a comprehensive program of economic stimulus after the meeting of this institution in January.
Asian markets ended positive. Data released in China showed that exports rose 4.7% in November, well below expectations of 8.0%. Imports fell 6.7%, while economists had expected growth of 3.9%. However, revised data showed that Japan’s economy contracted for the second consecutive quarter.
The major indexes fell today mainly due to falling energy producers with Crude at 5 years lowest value.