Subdued markets on Christmas Eve

  • 📰 staronline
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 75%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

SINGAPORE: Asian and European stock markets turned flat in quiet Christmas Eve trade on Tuesday (Dec 24), running out of fizz before the festive break despite fresh record gains on Wall Street overnight.

In holiday-shortened deals, London's benchmark FTSE 100 shares index rose 0.1 percent to end at 7,632.24 points, while the Paris CAC 40 finished flat at 6,029.55 points.

Trading volumes are typically light at this stage with many investors away for extended Christmas and New Year holiday celebrations.Global equities have already enjoyed a"Santa Rally" as dealers welcomed news over the US-China trade war and Brexit, having been on a roller-coaster ride for the last 12 months.

The rally gathered pace at widespread investor relief over the China-US trade pact, with the two economic superpowers set to sign off the deal early next month. Oanda analyst Edward Moya added that he did not expect a repeat of last year's losses the day before Christmas.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines