European markets finished mixed yesterday. The DAX remained closed for Christmas Eve and the CAC 40 & FTSE traded for half a day.
US markets were mixed. The S&P 500 inched down 0.01% but the Dow Jones reached another record close. Initial Jobless Claims data beat expectations and showed only 280,000 people to sign up for unemployment. The market will remain closed today for Christmas but will open tomorrow as normal.
Asian markets were mixed. The Hang Seng remained closed. The Nikkei lost 0.25% as the Yen strengthened against the Dollar following comments from Kuroda. Kuroda, the governor of the bank of Japan, stated that lower oil prices should help the economy and showed confidence that the economy is making moderate progress. Hong Kong will remain closed until Sunday.
Oil dropped after data showing higher supplies. The API and EIA both reported that inventories climbed over the past week pushing the price back down to 55.25. The market is now closed and so there is no movement. It will reopen tomorrow.
Gold dropped towards $1,170/ounce as investors sold off their positions and US data came out positive; Jobless Claims beat expectations. The price reached a low of 1,172 but as the commodity market is now closed there is no movement.
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