Global Markets:
- Asian Stock Markets : Nikkei up 0.04%, Shanghai Composite up 0.67%, Hang Seng down 0.19%, ASX up 0.13%
- Commodities : Gold at $1493.85 (+0.35%), Silver at $17.63 (+0.77%), Brent Oil at $66.52 (+0.20%), WTI Oil at $60.59 (+0.12%)
- Rates : US 10-year yield at 1.921, UK 10-year yield at 0.776, Germany 10-year yield at -0.246
News & Data:
- (USD) New Home Sales 719K vs 730K expected
- (USD) Durable Goods Orders m/m -2.00% vs 0.20% expected
- (USD) Core Durable Goods Orders m/m 0.00% vs 1.50% expected
- (CAD) GDP m/m -0.10% vs 0.10% expected
- China-Japan ties face important development opportunities: Xi
- China Widens Economic Policy Blitz With Cash Injection Pledge
Markets Update:
Asian stock markets are mixed on Tuesday in Christmas Eve trading after U.S. stocks closed at record highs overnight following news that China has announced plans to lower tariffs on a range of products. Trading activity remained subdued ahead of the Christmas holidays.
Mainland Chinese stocks were higher by Tuesday afternoon, following their Monday fall. The Shanghai composite added 0.7% while the Shenzhen component gained 1.2%. The Nikkei 225 and Topix both traded flat. In South Korea, the Kospi slipped 0.6%. Hong Kong’s Hang Seng index declined 0.2% to close early ahead of the Christmas Day holiday on Wednesday.
However, currency markets shows some investors remain circumspect, because new problems with trade friction and Brexit could easily emerge next year. However, currency markets shows some investors remain circumspect, because new problems with trade friction and Brexit could easily emerge next year.
OPEC and other leading oil producers may consider easing oil output restrictions at their meeting in March, Russian Energy Minister Alexander Novak said in an interview aired on Monday.
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