U.S. Index Futures Little Changed as S&P 500 Heads for 2014 Gain

U.S. stock-index futures were little changed on the last trading day of a year that capped the biggest bull market since the 1990s.

Contracts on the Standard & Poor’s 500 Index expiring in March rose 0.2 percent to 2,080.6 by 10:40 a.m. in London, and those on the Dow Jones Industrial Average gained 19 points, or 0.1 percent, to 17,960. U.S. equity markets will be shut tomorrow for the New Year’s Day holiday.

The S&P 500 closed at a record on Dec. 29 for the 53rd time this year as $ 1.1 trillion was added to American share values. The benchmark overcame five separate declines of 4 percent or more in 2014, while stocks have never once declined more than three straight times, a first in data compiled by Bloomberg going back to 2000.

Source : Bloomberg

Sumber : bpfnews.com

European Stocks Trim December Decline in Shortened Trading Day

European stocks trimmed their first December decline since 2008 amid low equity volume.

The Stoxx Europe 600 Index rose 0.2 percent to 341.59 at 8:12 a.m. in London, with the volume of shares changing hands being 76 percent below the 30-day average. The gauge has slipped 1.6 percent this month amid a slump in energy producers and in Greek equities as Prime Minister Antonis Samaras failed to get enough backing for his presidential candidate, leading to early elections.

Trading on the London Stock Exchange will end at 12:30 p.m. local time today, and NYSE Euronext’s European cash markets will close 35 minutes later. The Madrid bourse will stop trading at 2 p.m. local time. Exchanges in Germany, Switzerland, Italy and the Nordic countries are closed.

This month’s decline trims the Stoxx 600 advance for the year to 4.1 percent. That contrasts with the U.S., where the Standard & Poor’s 500 Index, Dow Jones Industrial Average and Russell 2000 Index climbed to records in recent days, while the Nasdaq Composite Index reached its highest level since March 2000. It’s a third year of gains for the Stoxx 600.

Source : Bloomberg

Sumber : bpfnews.com

Hong Kong stocks end 2014 on high note

Hong Kong stocks ended the year with a modestly winning session Wednesday, after HSBC revised its Chinese manufacturing activity index for December slightly higher from an earlier reading.

The Hang Seng Index closed 0.4% higher, capping an annual gain of 1.3%. Though mild, the yearly advance means the benchmark index has now risen for three straight years in a row.

Earlier in the day, the final reading of the HSBC China Manufacturing Purchasing Managers’ Index for December printed at 49.6, up from a preliminary reading of 49.5 announced earlier this month, though down from November’s final result of 50.0.

Among market movers, Chinese financial shares posted substantial gains in Hong Kong, ahead of anticipation of the official launch of stock options in China in the new year. The Shanghai Stock Exchange said recently it plans to organize a pre-launch system test in January for the stock-option service.

Chinese state-owned railway giants China CNR Corp. and CSR Corp. soared 45% and 32%, respectively, after the companies announced a merger plan pushed by the central government.

Mainland Chinese markets enjoyed a similar boost, with the Shanghai Composite Index ending the morning session up 0.7%. For the year, the benchmark gained close to 51%, making it the best performer of any major stock index in the world.

Elsewhere, Japan and South Korea markets were closed on Wednesday for the New Year’s Eve holiday.

Source : MarketWatch

Sumber : bpfnews.com

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