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DAILY MARKET OVERVIEW
Today's Top Market Headlines – Dec 21, 2016
European markets open lower amid lack of triggers

European markets recorded a rather sluggish open to the day with most indices trading flat to lower amid lack of cues and as traders step away from their dealing desks in order to prepare for the Christmas holidays, during which markets remain closed. Oil prices climbed on Wednesday on expectations of a U.S. crude inventory draw after API data showed U.S. stockpiles declined last week. It should also be noted, that EIA is due release crude oil inventory statistics later within the day. In today’s early European trading, Germany’s DAX, U.K.’s FTSE and the Euro Stoxx were flat seen trading flat while France’s CAC 40 lost 0.2 percent for the day to last trade at 4840.70 as of 8:15 GMT.

Amazon to open large fulfillment centers in Aurora, Illinois and Livonia, Michigan

Online retailing conglomerate Amazon.com plans to open new fulfillment centers in Aurora, Illinois and Livonia, Michigan. The project will be funded by the Michigan Strategic Fund Board in collaboration with Amazon which plans to invest nearly $90 million on construction, machinery, equipment, and other improvements on the facility’s property. Amazon also plans to open two fulfillment centers in Aurora, Illinois. It is worth noting that the facilities will employee around 1,000 additional full-time workers and add benefits to the state.
Employees will be responsible for picking, packing and shipping small items to customers such as books, electronics and consumer goods.

Asia shares close mixed…

Asian markets ended mixed on Wednesday as the USD continues to hold on to its 14 year high levels and U.S. president Donald Trump pursues his American product favoritism over imported China goods. In today’s Asian markets Nikkei lost 0.3 percent to close at 19444.49, Australia’s S&P/ASX 200 edged 0.4 percent higher for the day to close at 5613.47, China A50 added 0.7 percent to end the day at 10014.06 while Hang Seng added 0.5 percent to close at 21838.00. South Korea’s KOSPI lost 0.2 percent to close at 2037.96 while India’s Nifty is heading for a bullish close, having added 0.2 percent for the day at 8102.50 as of 8:05 GMT.