Japan and Mainland China back on markets and rally

FXstreet.com (Barcelona) - As investors get over the New Year bank holidays in Japan and Mainland China, the Nikkei Stock Average rallied by +2.82% to price in the US fiscal cliff resolution cheers, as well as US debt ceilling fears. The index reached a 22-month high today. Mainland China's Shanghai Composite gained +0.36%, South Korea's Kospi dropped -0.36%, and Hong Kong's Hang Seng eased -0.59%.

Futures for the German DAX (-0.36%) and the French CAC 40 (-0.30%) are signaling a lower opening ahead of December Markit Services PMI all over Europe and German Retail Sales. WTI crude oil (-0.76%) drops to $92.18 and Gold (-0.78%) eases to $1651.