SANTA CLAUS RALLY IS COMING?

US indices are for four weeks in a row in green. US stock markets still managed to post a fourth-straight weekly gain. Friday the main benchmarks switched between small gains and losses throughout the trading session, was a bit muted day. The markets and investors are optimistic also about the cheap oil.

• SP500 +0,12%
• DJIA -0,10%
• Nasdaq +0,18%

The SP500 and DJIA gained +0,4% over the week. The Nasdaq gained +1,2%. There are some optimism between investors about the about the cheap oil and good holiday-shopping season. That retail sales for one-third of consumer spending the main engine of U.S. economic activity.

The market seems pricey but in longer term there is still free place enough sentimentally and technically as well in US indices. If the Xmas rally means more gain in the following one and the half month we can say yes and we are expecting more gains until Xmas, especially in European indices like DAX, CAC40 or FTSE.

The BFM Assets Team.