Stock futures are signaling a higher open, as the Dow Jones Industrial Average (DJIA) looks for a second straight win. Trading volume is likely to stay muted ahead the start of the new year, but investors will have some economic data to digest nonetheless. Weekly jobless claims this morning came in higher than expected, with 245,000 people filing for unemployment benefits, compared to 240,000 forecast. Later on, domestic crude inventories and international trade data will come out. Bitcoin should also continue to grab headlines, after South Korea announced new regulations for the cryptocurrency.
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Most Asian markets settled higher today, despite persistently low holiday trading volume. Copper prices continued to climb following Wednesday's well-received import data out of China, while tech stocks recovered from Apple-related losses earlier in the week.By the close, South Korea's Kospi advanced 1.3%, Hong Kong's Hang Seng jumped 0.9%, and China's Shanghai Composite added 0.7%. However, Japan's Nikkei ended lower, losing 0.6% on strength in the yen.
It's a quiet session in Europe at midday, with regional indexes hovering close to the breakeven line amid a general lack of news- or data-driven catalysts. Likewise, Brent crude futures are nearly flat, as oil continues to cool its heels after setting a two-year high earlier this week. At last look, London's FTSE 100 is up 0.2%, while the French CAC 40 and German DAX have dipped about 0.2% each.