Asian markets idled near 18-month highs on Monday as trading volumes weakened ah...
SYDNEY - Asian markets idled near 18-month highs on Monday as trading volumes weakened ahead of the Christmas holiday break, with investors taking profit on gains made earlier this month.
In early European trades, the pan-region Euro Stoxx 50 futures STXEc1 and German DAX futures FDXc1 rose 0.1% each while those for London’s FTSE FFIc1 inched up a bit.MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS hovered near its highest since June 2018, having risen 1.4% last week and more than 5% this month. For the final quarter of the year, it is up nearly 10% so far.
On Friday, the benchmark S&P 500 extended its run of record highs to seven straight sessions, its longest streak in more than two years. All three major U.S. indexes - the S&P 500, Nasdaq and Dow - notched up gains. [.N] Data on Friday showed U.S. growth nudged up in the third quarter, while there were signs the economy maintained its moderate pace of expansion as the year ended. Consumer spending was stronger than previously reported, and there were upgrades to business spending.
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