| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3851 Registered: 05-2011 Rating: N/A |
World markets lacking enthusiasm to end the year The global equity markets are mixed heading into year end. S&P Futures are down about seven points to trade around the 4765 area. The market saw sellers step in shortly after the evening's open, taking spoos down to 4750.50. The grind back to the current level took the bulk of the session. The high rests at 4776.00. In Asia, China rose 0.6%. The Shanghai was strong right out of the gate after December Manufacturing PMI topped expectations at 50.3, compared to consensus of 50.0. The Non-manufacturing PMI also beat the forecast with a print of 52.7. There may also have been some year-end window dressing that helped propel the Chinese benchmark to finish just off the high of the day. In Japan, the Nikkei was closed for public holiday. In Europe, the major bourses that are open are slightly lower on thin trade. The FTSE and CAC will trade for only a half session while the DAX is closed today. The overall tone is sluggish in France with only six of the 40 stocks in the CAC trading in positive territory. |