European shares rose in early trading, following gains in Asia. Britain's FTSE added 0.3 per cent to 5,415.04. Germany's DAX inched up 0.3 per cent to 5,745.07. France's CAC-40 was steady at 2,997.89. Wall Street also appeared ready to head higher. Dow Jones industrial futures rose 0.4 per cent to 11,872 while S&P 500 futures gained 0.6 per cent to 1,218.80.
Japan's Nikkei 225 index was 0.3 per cent higher to close at 8,401.72. South Korea's Kospi rose 1.2 per cent to 1,839.96 and Hong Kong's Hang Seng added 1.4 per cent to 18,285.39. Benchmarks in Singapore, Taiwan and Indonesia also rose.
Mainland China shares ended a six-session losing streak, with the benchmark Shanghai Composite Index gaining 2 per cent to close at 2,224.84. For the latest updates on the stock market, visit Stock Market Today
Other news from the euro area and the U.S. economy to affect the pair this week:
Monday December 19:
We don’t have news from theUnited States, and accordingly, traders will be focused on the developments fromEurope.
Tuesday December 20:
TheUnited Stateswill start the day at 13:30 GMT with the November housing starts which are expected with 0.3% rebound to 630 thousand from 628 thousand. Building permits are expected to drop 1.8% to 633 thousand from 653 thousand.
Wednesday December 21:
At 15:00 GMT the US Existing Home Sales for November are due and expected with 2.2% rise to 5.06 million from 4.97 million.
At 15:30 GMT, the EIA report for crude oil inventories will be released for the week ending December 16, where last week crude oil inventories decreased by 1.9 million barrels.
Thursday December 22:
The Untied States will start the busy day at 13:30 GMT with the final and third revision for the third quarter GDP as the expansion is expected unrevised at 2.0%. Personal consumption is expected to hold at 2.3% and the Core PCE to remain at 2.0%.
The Jobless Claims are due the same time after the unexpected huge drop in the past week to 366 the lowest in three and a half years.
TheUniversityofMichigan Confidencefinal estimate for December is due at 14:55 GMT and expected with an upside revision to 68.0 from 67.7.
The leading indicators for November will be released at 13:00 GMT and expected to ease to 0.3% from 0.9%.
Friday December 23:
The week will end with theUnited Statesas well starting with the Durable Goods Orders at 13:30 GMT which is expected with 2.1% rebound in November after 0.7% drop and excluding transportation it’s expected to rise by 0.4% after 0.7% gain.
The November Income Report is also due at 13:30 GMT with the Personal Income expected with 0.3% rise after 0.4% and personal spending expected to rise 0.3% after 0.1% as for the core PCE it is expected to hold at the previous gains with 0.1% rise on the month and 1.7% on the year.
New Home Sales for November will be released at 13:00 GMT which is expected with 2.0% rise after 1.3% gain to 313 thousand.
Japan's Nikkei 225 dec 19 2011, asian stock market outlook december 19 2011, Hong Kong stock market 19/12/2011, Singapore stock market,European shares dec 19 2011 For the latest updates PRESS CTR + D or visit Stock Market news Today
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