Morning Briefing: Quiet day's trading ahead with many markets closed

Morning Briefing: Quiet day's trading ahead with many markets closed

Morning Briefing: Quiet day Quiet day’s trading ahead with many markets closed
Post-Christmas trading will be light Monday with many major markets, including Toronto, London and Sydney, closed for public holidays.

Among the markets that are open trading has been light so far. In Asia, markets closed mostly lower with Shanghai down almost 3 per cent. Tokyo led the gains. Commodity prices and the effect of the Fed’s rate rise(s) are in focus.

European indexes are also trading thin volumes and are lower so far.

Wall Street is expected to open lower; no major data is due for release Monday.

Oil is trending lower with US crude now priced higher than Brent.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 17,552.17 (-0.29 per cent) -1.47 per cent -2.65 per cent
TSX Composite 13,309.80 (+0.19 per cent) -0.70 per cent -8.89 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,254.64 (+0.22 per cent) -1.31 per cent -5.38 per cent
German DAX 10,702.36 (-0.24 per cent) -2.12 per cent +7.86 per cent
 
Asia (at close)
China CSI 300 3,727.63 (-2.88 per cent) +4.80 per cent +8.18 per cent
Japan Nikkei 18,873.35 (+0.56 per cent) -5.08 per cent +5.92 per cent
 
Other Data (at 6.00am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
37.27
(-1.64 per cent)
37.47
(-1.65 per cent)
1071.80
(-0.38 per cent)
U$0.7212
 
Aus. Dollar
U$0.7262

Diamonds lose ‘best friend’ status
Girls may still want them but those who trade diamonds are finding the market less friendly currently. With a general slowdown in sales of luxury goods, diamond jewellery retail sales are expected to increase by no more than 2 per cent in 2015, half what they managed in 2014, according to consultants Bain & Co. CNBC reports that Chinese retailers have seen some sharp decline in sales while US sales have offset some losses. However, Bain & Co believes that longer-term the US markets will slow too.