| | | | | | | Stock option alerts by Antivestor. Free Trial. Consistently beat the stock market with 1 trade a day. 68.2% Success rate, Daily stock selection, No payment details needed. Try for free now. | | |
| | US Market |  | | NYSE | AMEX | Dow Jones | Nasdaq |  |  |  |  | | Please click on the images to view our interactive charts | | The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the modest weakness seen in the previous session.
Activity on Wall Street is likely to remain light, as many traders remain away from their desks following Christmas and ahead of the holiday on New Year?s Day.
Trading may be impacted by reaction to the release of reports on consumer confidence and pending home sales shortly after the start of trading.
With the markets reopening following the long, holiday weekend, stocks saw modest weakness during trading on Tuesday. Selling pressure was relatively subdued, however, limiting the downside for the major averages.
The major averages all ended the day in negative territory. The Dow edged down 7.85 points or less than a tenth of a percent to 24,746.21, the Nasdaq fell 23.71 points or 0.3 percent to 6,936.25 and the S&P 500 dipped 2.84 points or 0.1 percent to 2,680.50.
A notable decline by shares of Apple (AAPL) weighed in the tech-heavy Nasdaq, with the tech giant slumping by 2.5 percent.
The drop by Apple came after a report from Taiwan's Economic Daily predicted the company would lower its forecast for first quarter iPhone X sales to 30 million.
Nonetheless, overall trading activity remained relatively light, as many traders were still away from their desks following Christmas.
The economic calendar for the week also started off relatively quiet, although reports on consumer confidence, pending home sales and Chicago business activity are due to be released in the coming days.
Volume may remain light throughout the week, although some traders may look to do some window dressing going into the end of the year.
Despite the pullback by the broader markets, gold stocks showed a substantial move to the upside on the day. The NYSE Arca Gold Bugs Index surged up by 1.8 percent to a two-month closing high. The strength among gold stocks came amid an increase by the price of the precious metal.
Significant strength was also visible among energy stocks, which moved higher along with the price of crude oil. Crude prices jumped on news of a pipeline explosion in Libya.
Reflecting the strength in the energy sector, the NYSE Arca Natural Gas Index advanced by 1.9 percent, the Philadelphia Oil Service Index climbed by 1.8 percent and the NYSE Arca Oil & Gas Index rose by 1.2 percent.
On the other hand, semiconductor, computer hardware, and banking stocks moved to the downside on the day.
|
| | Stock option alerts by Antivestor. Free Trial. See How the Secret ?Bitcoin Blueprint? Could Have Generated $1.64 Million in 72 Hours. There are now over 831 different alternative currencies driving this RED-HOT market. Click here to find out how to turn $20 into an absolute fortune with cryptocurrencies. |
| | U.S. Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | | | At 10 am ET, the Conference Board is scheduled to release its report on consumer confidence in the month of December.
The consumer confidence is expected to dip to 128.0 in December after unexpectedly climbing to a seventeen-year high of 129.5 in November.
The National Association of Realtors is also due to release its report on pending home sales in the month of November at 10 am ET. Pending home sales are expected to drop by 0.5 percent in November after surging up by 3.5 percent in October.
A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale.
At 1 pm ET, the Treasury Department is scheduled to announce the results of its auction of $34 billion worth of five-year notes. |
| | Trump's Set to Send this $0.24 Stock Exploding Higher! Trump's Set to Send this $0.24 Stock Exploding Higher! Investors in this tiny company will love Trump for what he?s about to do. This entire situation will change after December 31. Click here for the details. |
| | Europe |
European markets are turning in a mixed performance on Wednesday, with most of the major averages in the region lingering near the unchanged line amid cautious moves by traders.
While the German DAX Index is down by 0.1 percent, the French CAC 40 Index is just above the unchanged line and the U.K.?s FTSE 100 Index is up by 0.2 percent.
A firm trend in commodities prices has raised hopes about global economic growth in the forthcoming year, but buying interest in most parts of the region remains somewhat subdued.
Information technology stocks are slightly lower on reports that Apple's new iPhone X is generating weaker than expected demand.
No major economic reports are due from the zone during the week, but some data out of the U.S. is expected to make an impact on price movements over the next couple of sessions.
|
| | Trump's Set to Send this $0.24 Stock Exploding Higher! Trump's Set to Send this $0.24 Stock Exploding Higher! Investors in this tiny company will love Trump for what he?s about to do. This entire situation will change after December 31. Click here for the details. |
| | Asia | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | |
Asian markets ended mostly higher on Wednesday, with investors indulging in some selective buying despite a lack of any major catalysts.
Higher commodity prices triggered fairly strong buying in mining and energy stocks in the region. Overall, the volume of trading was light across the region.
Japan?s Nikkei 225 Index edged up 18.52 points or 0.1 percent to 22,911.21, after hitting a low of 22,854.39 and a high of 22,936.16.
Kawasaki Heavy Industries gained nearly 8 percent, and J Front Retailing added 6.2 percent. Isetan Mitsukoshi Holdings, Toho Zinc, Sumitomo Metal Mining, JX Holdings, Mitsubishi Materials, Mitsubishi Corp., Mitsui Mining, Tokuyama Corp., Impex Corp., Nisshin Steel Holdings, Marui Group and Yahoo Japan gained 2 to 3.5 percent.
Among the prominent losers, Canon shed about 2.8 percent, Bridgestone Corp. and Trend Micro declined by about 2 percent, Japan Tobacco, Kirin Holdings, Kuraray and Nitto Denko ended lower by 1.6 to 1.8 percent.
In the Australian market, mining, energy stocks had a good outing. Shares of retailers also saw buying interest on expectations of strong sales in the holiday season. Bank stocks were mostly subdued, while media stocks traded lower.
The benchmark S&P/ASX 200 Index inched up 0.20 points to 6069.90. The broader All Ordinaries Index rose 2.40 points to 6169.70.
Shares of Retail Food Group jumped over 9 percent, and Lynas shot up 6.4 percent. St Barbara, Syrah Resources, Resolute Mining, Pilbara Minerals, Saracen Mineral Holdings, Myer Holdings and Regis Resources gained 3 to 5 percent.
Meanwhile, Cleanaway Waste, Seven West Media, and Nine Entertainment ended more than 3 percent lower. Qantas Airways, Greencross, Chorus, Skycity Entertainment and CSR declined by 2 to 2.5 percent.
In the banking space, Commonwealth Bank of Australia and ANZ Banking Group declined marginally, while Bank of Queensland and National Australia Bank ended roughly flat.
Among other markets in the Asia-Pacific region, Hong Kong?s Hang Seng Index ticked up 19.65 points or 0.1 percent to 29,597.66, but China?s Shanghai Composite Index fell 30.73 points or 0.9 percent to 3,275.40.
|
| | Strategic Intelligence What?s the one money move that?s almost predestined to soar under Trump? It?s not a stock, a mutual fund or even real estate.
Click here to find out what it is. |
| | Commodities |
Crude oil futures are sliding $0.42 to $59.66 a barrel after jumping $1.50 to $59.97 a barrel on Tuesday. Gold futures, which climbed $8.70 to $1,287.50 an ounce in the previous session, are inching up $1.10 to $1,288.60 an ounce.
On the currency front, the U.S. dollar is trading at 113.22 yen compared to the 113.23 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1899 compared to yesterday?s $1.1858.
|
| | | | | | | To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment