The evening market overview, compiled by Dow Jones Newswires: === HOLIDAY NOTICE FRIDAY: In Great Britain, trading on the stock exchanges was shortened until 1:30 p.m.CET due to the approach of Christmas.In the USA , the bond market will have shortened trading until 8:00 p.m.CET.MONDAY: There will be no trading in Australia, Belgium, Denmark, Germany , Finland, France , Great Britain, Hong Kong, Italy, Luxembourg, Netherlands, Austria, Portugal, Sweden, Switzerland, Singapore, Spain, South Korea and the USA due to Christmas.
TUESDAY: There will be no trading in Australia, Belgium, Denmark, Germany , Finland, France , Great Britain, Hong Kong, Italy, Luxembourg, Netherlands, Austria, Portugal, Sweden, Switzerland and Spain due to Christmas.STOCK MARKETS (6:33 p.m.) INDEX status +-% +-% YTD* EuroStoxx50 4,521.47 -0.1% +19.2% Stoxx50 4,078.15 -0.0% +11.7% DAX 16,706.18 +0.1% +20, 0% FTSE 7,697.51 +0.0% +3.3% CAC 7,568.82 -0.0% +16.9% DJIA 37,429.81 +0.1% +12.9% S&P-500 4,759.30 +0.3% +24.0% Nasdaq Comp.
15,002.52 +0.3% +43.3% Nasdaq-100 16,787.97 +0.2% +53.5% Nikkei-225 33,169.05 +0.1% +27.1% EUREX level +-ticks Bund future 137.75% -3 *based on the previous day’s closing price COMMODITIES MARKETS CRUDE OIL most recently VT-Settlem.+/- % +/- USD % YTD WTI/Nymex 73.84 73.89 -0.1% -0.05 -3.2% Brent/ICE 79.31 79.39 -0.1% -0, 08 -2.3% GAS VT Settlem.+/- EUR Dutch TTF 34.545 34.42 +0.4% +0.13 -59.2% METALS last day +/- % +/- USD % YTD Gold (Spot) 2,053.96 2,046.07 +0, 4% +7.90 +12.6% Silver (spot) 24.27 24.48 -0.8% -0.20 +1.3% Platinum (spot) 977.12 968.00 +0.9% +9.12 -8.5% copper future 3.90 3.92 -0.4% -0.02 +2.5% YTD based on the previous day’s closing level Gold is becoming more expensive thanks to the weak dollar and interest rate cut speculation.
FINANCIAL MARKET USA Well claimed – the stock market is supported by favorable US data.The core rate of the PCE price index met expectations on a monthly basis, but was a tad weaker on an annual basis.This underpins expectations of falling US interest rates.The ratio is considered the Fed’s preferred price measure.In addition, US new home sales collapsed.However, the weak data is good news for the Fed’s interest rate hopes.
The positive order intake for durable goods is fueling hopes of a “soft landing” for the US economy .Meanwhile, Nike’s annual report is weighing on the mood, with the share price collapsing by 10.8 percent.The sporting goods manufacturer is disappointed with the outlook.Under Armor lost 3.7 percent in the wake.Rocket Lab is up 23.3 percent and the company has received a major order.Berkshire Hathaway has acquired shares in Occidental Petroleum, the price rises by 1.0 percent.AAR missed estimates.The price lost 7.0 percent.
Nippon Steel’s purchase of US Steel deserves “serious review,” according to US government officials.The price loses 0.5 percent.OUTLOOK FOR THE ECONOMY No more dates announced.FINANCIAL MARKETS EUROPE Hardly changed – price data from the USA supported the good general mood.
Adidas was one of the few price outliers of the day with a loss of 5.3 percent.A weak sales outlook from US competitor Nike had a negative impact here.Puma fell 7.2 percent, and in London JD Sports fell 5.1 percent.With a view to possible weak consumer demand, Zalando fell by 7.4 percent and Delivery Hero by 6.8 percent.
The trend is back towards stores.Prosus fell by 13.4 percent.The reason was the largest stake in the Chinese gaming stock Tencent.This fell over 12 percent in Hong Kong after Beijing published draft regulations for the online gaming industry.
Ubisoft fell by 1.5 percent due to the regulation, Logitech – highly correlated with the gaming industry via accessories – lost 0.6 percent.Klöckner rose by 5 percent.The steel trader wants to increase profitability.Drägerwerk jumped 4 percent after being recommended to buy by Kepler.
THE MOTTO FOREX last +/- % Fri, 7:55 am Thu, 5:05 pm % YTD EUR/USD 1.1011 +0.0% 1.0997 1.0992 +2.9% EUR/JPY 156.97 +0 .3% 156.46 156.23 +11.8% EUR/CHF 0.9428 +0.0% 0.9423 0.9415 -4.7% EUR/GBP 0.8670 -0.1% 0.8665 0.8683 -2.0% USD/JPY 142.55 +0.2% 142.28 142.11 +8.7% GBP/USD 1.2700 +0.1% 1.2691 1.2658 +5, 0% USD/CNH (Offshore) 7.1525 +0.1% 7.1538 7.1435 +3.2% Bitcoin BTC/USD 43,657.70 -0.7% 44,004.06 43,860.37 +163.0% The dollar remains weak with interest rate cut fantasies, the dollar index loses another 0.1 percent.FINANCIAL MARKETS EAST ASIA With the exception of Hong Kong, there was little movement on the stock markets before Christmas.At the end of trading, the trend was almost consistent.The Nikkei index in Tokyo rose slightly, but was also held back somewhat by the continued appreciation of the yen.It was generally said that the markets were waiting for price data from the USA .The PCE index will be there during the day.Things went downhill in Hong Kong.The change in mood was caused by a draft regulation that envisages stricter rules for online game providers.
Shares in the online games industry then came under severe pressure.The heavyweight Tencent was recently down a good 13 percent, while Netease even fell by around 25 percent.The sub-index of technology stocks fell by more than 4 percent.In Sydney, Core Lithium fell by 21 percent.The lithium miner may want to limit its activities.Core said prices for the lithium mineral spodumene have fallen more than 40 percent since the end of October..
