Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
In the pre-opening, the European indexes continued to negotiate without significant variations. Trading volume and activity are expected to increase today as London reopens after four days of interruption. In the absence of relevant corporate news, shares in the technology sector may be favored by the performance of the Nasdaq index, while the oil sector will be in the spotlight as the agreement reached on 30 November comes into force.
The US market ended slightly higher, with investors reacting to reported economic indicators. The Nasdaq Composite reached a new closing high and also reached a record high of 5500 during the session. Apple shares rose only 0.60%. In turn, the Dow Jones was again very close to the 20000 barrier, but ended practically unchanged. This has been the index most benefited by the policies that are being attributed to Trump’s economic program, which involves, among others, investment in infrastructure. In sectoral terms, commodity producers and information technology companies led the gains in the S&P500 index. Regarding the macroeconomic scenario, the Consumer Confidence Index, as measured by the Conference Board, reached 113.7 in December, compared to 109.4 in November and the forecast of 108.10. On the housing market, a segment of the economy that has shown some solidity, house prices in the country’s 20 largest metropolitan areas rose 5.60% in October from the previous year, thus renewing a new high. Estimates pointed to the 5.03%. Less than a week into the biggest oil producers to implement the cut-off agreement reached last month, oil prices rose more than 1.50% yesterday.
Asian markets closed in different directions. The South Korean market was penalized by the worsening political situation and the fall of about 20% from Toshiba which also affected the performance of all Asian exchanges. Toshiba warned yesterday it could incur losses of “several billion dollars” following the purchase of a US nuclear power company. The Japanese market traded between positive and negative territory, ending largely unchanged. Industrial production was published in the country, which increased 1.50% in November compared to the previous year, against expectations of growth of 1.60%. On the other hand, retail sales for the penultimate month of the year increased 1.70% over 2015, above the 0.70% estimate.