In Europe the FTSE eked out the most modest of gains, adding 0.01%, whilst the CAC (-0.7%) and DAX (-1.3%) didn’t fare so well.
Stateside it was a similar story; the Dow Jones (+0.4%) and S&P (+0.1%) recorded modest gains, whilst the Nasdaq (-0.2%) slipped lower.
Investors the world over continue to worry about Europe’s economy but it appears there are some who are hopeful that the upcoming summit of European leaders will yield results that combat the sovereign-debt crisis.
The Swiss franc weakened following a report showing consumer prices fell in November, whilst the euro was weaker against the yen after yesterday’s downgrade warning.
Oil climbed to a three-week high amid escalating tensions between the west and Iran over the Persian Golf’s nuclear program. Crude added 29 cents to US$101.28.
Gold firmed slightly, adding 0.3% to US$1727 an ounce. Base metals were mixed, with zinc (+0.2%) the best performer.
Today we have the ABS releasing the latest GDP numbers, at 11.30am, AEDT.