Global stock markets experienced modest gains on Tuesday, December 24, 2024, in light pre-holiday trading. Chinese markets led the advance, buoyed by government commitments to proactive fiscal policies for the upcoming year.
Key Highlights:
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Chinese Markets: The Shanghai Composite Index rose by 1.3%, and Hong Kong’s Hang Seng increased by 1.1%. These gains followed statements from China’s Finance Minister emphasizing increased government spending to stimulate economic growth.
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European Markets: The UK’s FTSE 100 gained 0.4%, and France’s CAC 40 added 0.5%. German markets remained closed for the holiday.
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U.S. Markets: Futures indicated slight upticks, with the S&P 500 futures up 0.1%. U.S. markets were scheduled for an early close on Tuesday and would remain closed on Wednesday for Christmas.
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Asian Markets: Japan’s Nikkei 225 saw a slight decline of 0.3%, while South Korea’s Kospi edged down 0.1%. Australia’s S&P/ASX 200 advanced by 0.2%.
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Currency and Commodities: The U.S. dollar remained stable against the Japanese yen at 147.85 yen. Oil prices saw a modest increase, with U.S. crude rising 48 cents to $69.72 per barrel.
This pre-holiday trading session was characterized by low volumes, with investors cautiously optimistic amid global economic developments.
