The US stock market remains closed today to celebrate Christmas. Last Friday, the three major indices, the Nasdaq 100 (NDX), S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA), closed the week on a positive note for the eighth consecutive time. Promising November personal consumption expenditure inflation numbers and rising consumer spending supported the rally.
In major stock-specific news, Manchester United (MANU) has agreed to sell a 25% stake to British billionaire Jim Ratcliffe for $33 per share. In addition, Ratcliffe will inject $300 million into the remodeling of the Old Trafford stadium.
Between key economic publications aligned this week, the October house price index will be published on Tuesday. Additionally, the November pending home sales report will be released on Thursday. Additionally, the Chicago Purchasing Managers' Index report for December will be released on Friday. As for earnings, there are no notable companies reporting this week.
Elsewhere, European markets are also closed today for Christmas, with trading scheduled to resume after a four-day pause on Wednesday.
Asia-Pacific markets close higher on Monday
Asia-Pacific indices finished in the green on Monday, helped by positive comments from Bank of Japan Governor Kazuo Ueda. He hinted that the central bank could change its monetary policy if the economy continues to recover well.
China's Shanghai Composite and Shenzhen Component indices closed up 0.14% and 0.38%, respectively.
Similarly, Japan's Nikkei and Topix indices ended with gains of 0.26% and 0.04%, respectively.
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