With an abbreviated trading day before the New Year break, this is more of a day of reckoning than an important trading day on its own. Still, the year looks set to end with gains, following gains in Asia and Europe, while futures activity points to modest gains in the United States as well.
Japan’s Nikkei 225 rose 0.7 per cent in overnight trading, cementing its status as the world’s top-performing developed market index in 2013, and no doubt raising its profile as a potential money-maker in 2014 as the country moves toward additional economic reforms. In Europe, stocks rose about 0.3 per cent. Futures for the Dow Jones industrial average point to gains of less than 0.1 per cent.