Stocks Steady With Dollar as Holidays Kick Off: Markets Wrap - Yahoo Finance

(Bloomberg) -- Stocks and bonds were steady across much of the world alongside U.S. equity futures during muted Christmas Eve trading. Treasuries nudged lower.

Contracts on three main U.S. stock indexes pointed to a firm open. Boeing Co. rose in pre-market trading after a surge on Monday, when the troubled planemaker announced a leadership change. Shares fluctuated in London, Paris and Madrid. Markets in Germany and Italy were closed, anticipating Wednesday’s holiday that will shutter exchanges on both sides of the Atlantic.

A gauge of emerging-market shares fell. Treasuries edged lower. West Texas oil treaded water above $60 a barrel. Precious metal futures were mostly higher.

Along with the holiday calm, several asset classes are holding on the extraordinary gains they’ve notched in 2019. The $45 trillion MSCI World Index is maintaining a 25% year-to-date surge that augurs its top performance in a decade. Gold advanced, on track for its best year since 2010, as mixed U.S. data Monday kept hopes of interest-rate cuts alive.

Elsewhere, the dollar pared earlier gains against its major peers and headed for a monthly decline. The pound reversed earlier declines.

In Asia trading, equities ended little changed in Tokyo on thin volume, while they dipped in Seoul. Shanghai recovered some of Monday’s slide that came after a sell-off in tech companies.

Here are some events to watch for this week:

Chinese Premier Li Keqiang hosts a summit with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in Tuesday in Chengdu, focused on trade.Many nations’ stock markets are closed Wednesday for Christmas. Australia, Canada, Germany and U.K. markets also shut on Dec. 26.U.S. jobless claims on Thursday.Japan retail sales and industrial production are scheduled for Friday.

These are the main moves in markets:

Stocks

Futures on the S&P 500 Index gained 0.1% as of 8:32 a.m. New York time.The U.K.’s FTSE 100 Index rose 0.1%.France’s CAC 40 Index was little changed.The MSCI Asia Pacific Index dipped 0.1%.The MSCI World Index was little changed.

Currencies

The Bloomberg Dollar Spot Index was little changed.The British pound rose 0.2% to $1.2955.The euro declined 0.1% to $1.1081.The Japanese yen was little changed at 109.41 per dollar.

Bonds

The yield on 10-year Treasuries increased one basis point to 1.93%.Germany’s 10-year yield gained one basis point to -0.24%.Italy’s 10-year yield rose two basis points to 1.43%.

Commodities

West Texas Intermediate crude increased 0.4% to $60.74 a barrel.Gold climbed 0.3% to $1,489.74 an ounce.Silver rose 0.8% to $17.59 per ounce.LME aluminum gained 0.6% to $1,815 per metric ton.

--With assistance from Randall Jensen and Christopher Anstey.

To contact the reporter on this story: Todd White in Madrid at twhite2@bloomberg.net

To contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Eddie van der Walt

For more articles like this, please visit us at bloomberg.com

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https://finance.yahoo.com/news/asia-stocks-open-flat-world-222748656.html

2019-12-24 13:38:00Z
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