Today the stock markets traded with minor variations.
The week will be shorter than usual, due to the closure of markets worldwide on 1 January 2015. Many investors are taking advantage by using vacation time and equity trading volumes are more subdued than usual.
The attention was mainly focused on Greece. The Government once again fails to elect the President of the Republic, which brought some panic among investors, since this failure results in the holding of early elections. The Athens stock exchange fell as more than 12%, but closed with a lower fall to 3.5%.
The main US stock markets closed the session on Monday in a mixed record, with the SP 500 at new highs and the Dow Jones declining slightly.
This week, the dominating expectation from investors is that the “year-end rally” is maintained. In terms of economic indicators, the agenda is meager, most notably just some data. Tomorrow will be known consumer confidence in December: after this indicator has fallen unexpectedly in November, should show an improvement in the last months, due to the fall in oil prices and the increase in employment. On Wednesday will be published the data on the labor market. On the last day of the week should be disclosed ISM activity index for the manufacturing sector.
Overall, equities are approaching the end of the year at record levels, bolstered by the fastest expansion for the American economy in more than a decade.