By Riva Gold
European stock markets opened little changed Wednesday with bonds and currency markets largely becalmed in quiet holiday trading.
The Stoxx Europe 600 was up less than 0.1% as gains in mining and energy companies offset modest declines elsewhere.
Shares of BHP Billiton and Anglo American were up over 4% in the early minutes of trading as rising oil and metals prices lifted the basic resources sector. Copper futures were up 1.1% at $5,527 a ton, while gold rose 0.4% to $1,142 an ounce and Brent crude oil added 0.3% to $56.97 a barrel after settling at its highest since July 2015.
The Stoxx Europe 600 Banks sector was up 0.3%, but shares of Banca Monte dei Paschi di Siena still weren't trading after the European Central Bank said the lender had a far bigger hole in its balance sheet than previously calculated.
In government bond markets, the yield on the 10-year German bund was down slightly at 0.180% from 0.190%, while the 10-year Treasury yield edged down to 2.556% from 2.563%. Yields move inversely to prices.
The euro weakened 0.1% against the dollar to $1.0452, while the dollar was up 0.1% against the yen at Yen117.5410.
Earlier, commodity-sensitive shares led Australian stocks up 1% after a four-day weekend as metals prices rose. Hong Kong's Hang Seng Index added 1.1%, while Japanese markets were flat after data Tuesday showed consumer prices fell for a ninth consecutive month. Shares in Toshiba Corp. also fell over 20%, weighing on Japanese markets, after the company warned about a multibillion-dollar write-down.
Wednesday's moves came after technology shares helped lift U.S. stocks in a quiet session on Tuesday. Futures pointed to a 0.2% opening gain for the Dow Jones Industrial Average, which ended at its second-highest close in history but shy of the 20,000 milestone.
and Deborah Ball contributed to this article.
Write to Riva Gold at email@example.com
(END) Dow Jones Newswires
December 28, 2016 04:00 ET (09:00 GMT)
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