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Early Close for Markets Ahead of Christmas Holiday

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  • Description

    FBN’s Diane Macedo on the day ahead in the markets.

  • Duration 1:45
  • Date

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Good morning everyone I'm Diana -- and it's time to take a look at the markets now in -- -- closed mostly higher with mom gains.

As hopes faded for US lawmakers to reach a budget deal by the end of the year to avoid the fiscal cliff.

Hong Kong was open for half the -- resumes trading on Thursday it to the Nikkei -- day.

Down more than 1% slight gains for the other three in Europe blended in France will also only trade.

For half a day today and for now stocks their -- pretty flat -- London up by twelve Paris is down by five in the German market.

Is closed for the holiday that here in the US futures are also.

Our equity markets I should say will close early at 1 PM eastern time for Christmas Eve.

We're seeing US futures currently in the -- across the board -- Dow futures are down a little more than fifty points yes of these down about seven.

And the nasdaq's also down a little more than seven Sachs did fall on Friday though but off -- session lows.

After house speaker John Boehner failed to class this plan that pass his plan B solution.

To avoid automatic tax hikes and spending cuts set to kick in come the new year still rallies earlier in the week did -- the major averages hold on to gains for the weeks and at least.

-- the weakening in.

As I mentioned stocks we'll have an early close today all securities markets will also be closed tomorrow for Christmas but looking ahead to reports that could move markets later in the week housing.

We'll be a big focus on Wednesday we'll get the month -- the report on home prices given rising slowly but steadily.

Over the past few months so we'll see if that continues on Thursday.

We'll get data on new home sales weekly jobless claims and a look at consumer confidence and on Friday we'll get information on pending home sales as well.

Looking at commodities now though weren't taking a look at what oil and gold are doing this morning and they like the markets are mixed -- oil -- but just a penny fairly flat trading -- 88 dollars a barrel.

Gold is up by about four dollars at 1664.

Announced.

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