Monday January 2nd

2-01-2017

Thin trading, US markets among others still closed on Monday

European markets started the new year on a negative footing, only to reverse losses during trading.  The pan-European Stoxx 600 was 0.5 percent higher by Monday afternoon after new data releases showed positive outlooks for businesses in 2017. The German DAX was up by 0.83 percent, breaking new highs, while the French CAC was 0.51 percent higher. The FTSE 100 returns to trading after the New Year weekend only on Tuesday. Markets are also closed in the U.S. Asian markets wavered on Monday, the first trading day of the New Year, in very thin holiday trade. The benchmark Kospi was nearly flat, down 0.01 percent or 0.3 point, at 2,026.16 while the Kosdaq gained 0.1 percent, or 0.6 point, to close at 632.04 after wavering between negative and positive. The market had opened at 10:00 a.m. local time, one hour later than usual trading hours. The South Korean won was weaker against the dollar, at 1,207.25 as of 3:35 p.m. local time, compared with the pair trading as low as 1.197.04 last week. Other major Asian financial markets, including Australia, Japan, China and Hong Kong, were shut for the New Year's holiday.

Happy New Year to you all