Quiet day’s trading ahead with many markets closed... Diamonds lose ‘best friend’ status...
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.
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.
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.
