World Markets Subdued Ahead Of Christmas Weekend; Heavy Dose Of U.S. Data Out Today

Global stock markets were mostly weaker in very quiet trading Thursday, as the Christmas holiday weekend is fast approaching. World bond markets have also stabilized late this week, following tumultuous trading the past few weeks that has seen government bond yields in several industrialized countries push significantly higher. Expect activity and volatility in many markets to pick up at the beginning of the new year.

Gold prices are slightly lower in early U.S. trading Thursday, and hovering not far above the recent 10-month low.

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