Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
In the pre-opening, the European indices traded without significant variations. Today, the volume of negotiation, which by itself in the holiday season is traditionally smaller, will also be conditioned by the closing of the London stock exchange (Christmas Holiday). This week will be shorter again, due not only to the closing of European and American stock markets on Boxing Day, but also due to the celebration of the New Year. The banking sector will remain in the spotlight. In an interview published yesterday by the Bild newspaper, German Central Bank President Jens Weidmann warned that for “measures planned by the Italian Government” to succeed, the institution must be “financially healthy in its core business.” He also said that public funds could not be used to cover in advance potential future bank losses. It should be recalled that the Italian parliament has approved the possibility that Italy could issue 20000 M.€ of debt for state aid to banks which become to show capital needs.
In the last stock market session before Christmas, the US market closed with slight gains in the context of a more contained trading volume and volatility. The Dow Jones index failed to reach the 20000 point barrier, although last week was the seventh consecutive week of valuations for the industrial index, the most extensive weekly earnings series since the period beginning October 4th 2014 and The first week of December of the same year. The S&P500 has already gained more than 5 percent since the presidential election, while the Dow Jones Index has gained more than 8 percent. The session was marked by the release of data on the real estate market and consumer sentiment. The Commerce Department reported that the sale of new homes increased 5.20% in November, reaching 592 thousand units (annualized number).
Asian markets closed in different directions in a session characterized by a weak trading volume. In Japan, the consumer price index declined 0.40% in November from the previous year, compared to the estimates of a fall of 0.30%, thus demonstrating that the country’s economy still has a long way to reach the target set by the Bank of Japan of 2%.