Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
In the pre-opening European markets traded with slight variations. The trading volume today will begin to decrease more significantly, with the anticipated closing of the German stock exchange, scheduled for 13:00. However, the energy sector will be influenced by the downward movement that the price of oil is presenting from a few hours ago. In fact, despite the official figures will not be known today in the evening, it was already advanced by the American Petroleum Institute that estimates suggest that crude oil inventories in the country increased by 2.9 million barrels in the week ended on December 25 . Many analysts had predicted a decrease in inventories.
The US market ended yesterday on the rise, favored by higher oil prices. However, the rise around 3% of the price of crude oil was not fully reflected in the variation of the energy sector which only appreciated 0.60%, one of the smallest gains in terms of sectors of the S & P500. Today is an important day on the subject as they will be published the crude inventories in the country. Leading the gains were the pharmaceutical and technology sectors. The Alphabet (known as Google) recorded a gain of 1.50% and Amazon.com rose 2.80%. Both titles reached historical highs. In terms of economic indicators, they have been known two important data. Relative to the housing market, the rate of increase in house prices in the US accelerated, with several cities recorded double-digit growth. The S & P Case-Shiller 20 rose in October 5.54% over the same month of the previous year and compared with 5.60% expected by economists. Home prices in the cities of Denver, Portland and San Francisco led this increase, rise with 10.90%. In contrast, the lower annual growth was favored by Washington (1.70%) and Chicago (1.30%). With regard to consumer confidence, after a sharp drop in November was observed in December a more significant improvement than expected. The respective index, measured by the Conference Board, rose from 92.6 revised in November (the lowest level since July) to 96.5. Economists predicted that this indicator had set in 93.8. A member of the Conference Board said that consumers remain positive on the current state of the economy, particularly as regards the labor market: slightly increased the number of people who anticipate an increase in jobs in the coming months, while which decreased the percentage of consumers who expected fewer jobs.
Asian stocks closed up, boosted by the recovery in oil prices that benefited the energy companies. Also in these markets, liquidity is being affected by the current festive season.