As the festive spirit of Christmas approaches, markets are in a buoyant mood despite having a shortened trading session.
During the Asian trading hours, both gold and oil experienced slight increases in value. By 8:00 AM Eastern Time, the Dow futures had dipped by 13.00 points, while the S&P 500 futures saw an uptick of 5.75 points, and the Nasdaq 100 futures advanced by 38.00 points.
On Monday, the main U.S. stock indices ended the day on a positive note. The Nasdaq surged by 192.29 points, equivalent to a 1.0% increase, closing at 19,764.89. The S&P 500 rose by 43.22 points or 0.7%, reaching 5,974.07, while another increase was observed in the S&P 500, climbing 66.69 points or 0.2% to conclude at 42,906.95.
Looking towards economic developments, the Money Supply data for November is set to be released at 1:00 PM ET, following last month’s M2 Level of $21,311.2 billion. The Richmond Fed Manufacturing Index for December is scheduled for a 10:00 AM ET release, with expectations for a reading of minus 8.0 compared to November's minus 14.0. Additionally, a Two-year Floating Rate Note auction will occur at 11:30 AM ET, alongside the Five-year Treasury Note auction.
In Asian markets on Tuesday, there was a positive trend. Chinese and Hong Kong stock exchanges saw robust performances, with China’s Shanghai Composite Index rising by 1.26% to 3,393.53, and Hong Kong’s Hang Seng Index climbing by 1.08% to 20,098.29. Conversely, Japanese markets closed with mixed results. The Nikkei average dropped by 0.32% to 39,036.85, whereas the broader Topix Index edged slightly higher, finalizing at 2,727.26.
Australian stocks managed to achieve slight increases. The primary S&P/ASX 200 index inched up by 0.24% to 8,220.90, supported by advancements in the technology and energy sectors. Meanwhile, the broader All Ordinaries Index gained 0.22%, reaching 8,471.50.
The material has been provided by InstaForex Company -
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