The Australian stock market is closed on Tuesday (Dec. 27) as a substitute holiday for Christmas Day.
Stocks in Asia rose as China officially decided to lift the mandatory quarantine rules for international travelers from January 8 in a major step towards reopening its borders and marking another shift from its so-called zero-COVID policy.
Asian stock markets closed higher as investors also digested a slew of economic data from Japan and awaited the release of the Bank of Japan’s summary of opinions of the December 19-20 meeting due Wednesday for directional cues.
The benchmark Shanghai Composite Index rallied 1% to close at 3,095.57. Tokyo’s Topix ended 0.4% higher at 1,910.15. Seoul’s Kospi closed up 0.7% to 2,332.79.
Major stock markets in Europe opened higher on Tuesday (Dec. 27) as trading resumed after a long Christmas holiday weekend. U.K. markets remain closed for a public holiday. Germany’s DAX traded 0.79% higher at the opening bell while France’s CAC increased by 0.90% at 9:01 am CET.
European markets closed their first trading session after Christmas weekend in positive territory. Germany’s DAX
ended the day 0.39% higher, while France’s CAC 40 advanced 0.7%.
U.S. stock futures rose on Tuesday morning after the holiday weekend as investors head into the final trading days of 2022. Market watchers will be keeping an eye on impending reports on the US trade balance, S&P/Case-Shiller home price indices, and the FHFA housing price index ahead of the opening bell.
Major stock market indices in the United States opened mixed after the S&P CoreLogic Case-Shiller and the Federal Housing Finance Agency’s (FHFA) reports on house prices indicated a decline linked to a decrease in demand and purchasing power. Home prices in all nine United States census divisions saw a growth of 9.2% in October on an annual basis, the S&P CoreLogic Case-Shiller reported on Tuesday.
Oil prices rose in thin holiday trade on Tuesday on concerns that winter storms across the United States are affecting logistics and production of petroleum products and shale oil.
Gold prices edged up in early Asian hours on Tuesday, helped by a softer dollar, although trading was thin after the long Christmas weekend.
The euro was 0.14% up compared to the U.S. dollar at 5:29 pm CET, trading at 1.06511. The English pound was down 0.34% against the greenback, going for 1.20262 at the same time.
The Canadian dollar reached 1.4400 against the euro in the European session on Tuesday, its highest level since December 15.
The U.S. dollar index rose 0.134% to 104.220.
The Australian dollar rose 0.22% versus the greenback to $0.674, while the New Zealand dollar gave up earlier gains, easing by 0.14% to $0.629.
Russia has no plans to loosen the foreign exchange rates further, Deputy Chairman of the Russian Central Bank Alexey Zabotkin said on Monday (Dec. 26) in an interview with RosBiznesConsulting (RBC).
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