Trading on the various exchanges is expected to be low due to the holiday season. Asian stocks traded dull during the day. What may turn the tide is the data that is expected to flow from the US, which may show encouraging signs of a recovery.
Sales numbers are expected to rise. to around $ 470 Billion and the jobless benefit claims are at a recent record low. The house price index and the consumer confidence numbers too are expected to show good numbers.
On the Technical side, the S&P 500 Index has broken through the 200 day moving average after the recent rally.
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