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Markets roar, futures fall on Dow's record, daily gain



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Further sharp market fluctuations occurred on Thursday US equities rose sharply by a single day in the history of the Dow after the biggest rise of the day.

Global economic growth and the partial closure of the US government into the sixth day brought the markets from Europe to Asia. Dow futures pointed to a loss of 400 points less than two hours before the opening bell, having rallied 1,000 points the previous day.

Trading on European markets closed for the Christmas holidays resumed, with the German DAX slipping from 1

.7 percent to 10,447.53. France's CAC 40 slipped 0.1 percent to 4,619.74. The British FTSE 100 dropped a full percentage point to 6,616.55.

Futures for the broad S & P futures plunged 1.5 percent to 2,430.50, and the ailing Nasdaq fell more than 18 percent in the last three months, up 1.6 percent to 6,188.50. [19659004] On Wednesday, US markets missed a four-day defeat and had their best day in over ten years, as the Dow rose 5 percent or 1,086 points to 22,878.45. Advisor Donald Trump's advisers said there were no plans to oust Fed chairman Jerome Powell, even though his assessment of the man he appointed tweets was as volatile as stock markets. The strong Christmas sales, which rose more than 5 percent in the US during the holiday season, also lifted the mood in the shortened trading week. Mastercard SpendingPulse said US consumers spent more than $ 850 billion this year.

"Of course, the question is, is this just a market rally for Snapback Bears or, as Trump said, a tremendous opportunity to buy stocks?" Chris Weston of Pepperstone Group Limited said. "We can judge the basic drivers, such as the bad global economy, the Fed can not change its forward orientation, or make the rate of normalization of balance sheets flexible, and see that nothing has changed here," he added.

Bloomberg reported The US will send a government delegation to trade talks with Chinese officials in Beijing during the week beginning January 7. In it, two persons were mentioned who are familiar with the matter. This was the result of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping in Argentina earlier this month. The two leaders agreed to delay additional tariffs for 90 days to work on disagreements in trade and technology policy.

The Nikkei 225 index rebounded 3.9 percent to 20,077.62. On Tuesday he fell more than 5 percent before recovering a bit later the day after. South Korea's Kospi was 2,028.44 less than 0.1 percent higher. The Shanghai Composite Index lost 0.6 percent to 2,483.09. The Hang Seng Index fell 0.7 percent to 25,478.88, while the Australian S & P ASX 200 rose 1.9 percent to 5,597.20. Shares rose in Taiwan and throughout Southeast Asia.

The US crude oil price fell by $ 86 to $ 45.36 a barrel in electronic trading on the New York Mercantile Exchange. The contract had its biggest one-day gain in more than two years and stood at $ 46.22 a barrel in New York on Wednesday. Brent crude, used at the price of international oil, lost $ 1.11 to $ 53.36 a barrel.

The dollar fell 0.52 percent to 110.76 yen. The euro rose 0.4 percent to $ 1.3991.

Liang made a contribution from Singapore.


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