AI-Summary – News For Tomorrow
Global markets are mostly flat in light holiday trading ahead of U.S. economic data releases. U.S. futures for major indexes are virtually unchanged. Gold and silver prices continue to rise, reaching new records. Crude oil prices see slight gains. The U.S. will release GDP estimates and consumer confidence survey results.
European markets show slight movement, with Germany’s DAX up slightly and Paris’ CAC 40 down a bit. The Japanese yen weakened against the dollar, prompting intervention warnings. Hanwha Ocean’s shares surged following Trump’s announcement of a U.S. battleship project. The Australian S&P/ASX 200 gained 1.1%.
News summary provided by Gemini AI.
Markets are flat early Tuesday in holiday-thinned trading before head of the release of new data on how the U.S. economy fared in the third quarter.
Futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq are all essentially unchanged before the opening bell.
Again touching new records, the price of gold rose 1.2% early Tuesday to $4,523.30 an ounce, adding to its consistent gains throughout the year. Silver rose 1.7%, to $69.71 an ounce.
U.S. benchmark crude added 4 cents to $58.05 per barrel. The price of Brent crude, the international standard, gained 7 cents to $62.14 per barrel.
The government on Tuesday releases the first of three estimates on gross domestic product, a reflection of how the broader U.S. economy fared in the third quarter. Also, the Conference Board will offer results from its December consumer confidence survey.
In Europe at midday Germany’s DAX edged 0.1% higher, while the CAC 40 in Paris slipped 0.2%. Britain’s FTSE 100 was unchanged.
In Asian, Tokyo’s Nikkei 225 was flat at 50,412,87 and the dollar fell against the Japanese yen after officials in Tokyo warned they would intervene if the yen weakened further.
The dollar traded at 155.95 yen, down from 157.04 yen late Monday. Instead of gaining after the Bank of Japan raised its key policy rate on Friday, the yen had weakened, drawing the usual objections from the Finance Ministry to larger than usual currency fluctuations.
The euro climbed to $1.1797 from $1.1762.
South Korea’s Kospi added 0.3% to 4,117.32. Shipbuilder Hanwha Ocean’s shares jumped 12.5% after President Donald Trump said it would help build a new class of U.S. battleship at the Hanwha Philly shipyard.
The S&P/ASX 200 in Australia jumped 1.1% to 8,795.70.
