''The U.S. equity markets are beginning another holiday-shortened week in modestly positive fashion, ahead of reports on domestic housing sales and regional manufacturing activity. All U.S. markets will be closed on Wednesday for the New Year holiday. Meanwhile, Treasuries are moving higher, while the U.S. dollar, crude oil, and gold are all trading lower. In equity news, Cooper Tire & Rubber Co announced that it has terminated its $2.5 billion merger agreement with India's Apollo Tyres Ltd. Overseas, Asian stocks finished mixed despite a pullback in Chinese money market rates, while Japanese stocks posted their best yearly gain since 1972. Finally, European equity markets are retreating somewhat from recent multi-year highs in afternoon action ahead of the U.S. data''.
SOURCE: Schwab
SOURCE: Schwab
