Key Overnight Developments:- Wall street were little changed in thin trading on Mon as the S&P 500 notched its latest record high, but gains were curbed when an early rally in energy prices lost momentum. Equities have trended to the upside of late, buoyed by data showing an improving economy and the US Fed Reserves commitment to be patient about raising interest rates. After the S&P 500 gained nearly 6% over the prior eight sessions, it notched its 53rd record close of the year on Mon. In Europe, shares closed mixed, with Greece struck by renewed political uncertainty after its politicians failed to agree on a new president. Asian indices kicked off Tues on the back foot, following unclear cues from Wall Street overnight as oil prices fell.
Posted on: Tue, 30 Dec 2014 03:55:41 +0000
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