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With
year-end celebrations around the corner, trading volumes are
likely to remain light.
Oil prices rose for the fourth day in a row and hovered close to
a 2016 high ahead of a supply limit deal that will come into
effect from Jan. 1. [O/R]
U.S. equities have been riding a post-election rally, feeding on
optimism that Donald Trump's policies would be business
friendly, especially to banks and industrials. The rally has
also been supported by a spate of strong economic data.
The Dow Jones Industrial Average <.DJI> is likely to make a
fresh attempt at breaching the elusive 20,000 mark, after coming
within 20 points of the milestone on Tuesday.
The Dow, which has gained the most among the three major Wall
Street indexes from the Trump rally, is on track to have its
best yearly gains since 2013. The S&P 500 <.SPX> is set to
register a double-digit rise this year, compared with a 0.7
percent decline in 2015.
The dollar index <.DXY> rose 0.3 percent and is on track for its
best day since Dec. 15 after strong consumer confidence data on
Tuesday lifted.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
Anil D'Silva)
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