U.S. equities are trending higher to kick off 2018
U.S. equities are trending higher to kick off 2018 after a downdraft into year-end, following a mixed start overseas. Sino-related indices surged after firm PMIs there lifted China's CSI 300 1.4%, while the Hong Kong Hang Seng leapt 1.99% to kick off the year (Japan doesn't reopen until Thursday), but Europe was crimped 0.7-0.9% with the euro gaining some purchase at fresh highs over 1.2080. In pre-market trade, the Dow is 89-points firmer, S&P gained 8-points and NASDAQ is 24-points higher. Yet gold is continuing its year-end tear higher with a probe over $1,313, while WTI crude has remained north of $60 bbl as protests in Iran encounter a resumption of supply from Libya. The dollar index is off another 0.44% to 91.84, over 3-month lows, to start off the year. Wynn Resorts sank 5% after a slower than expected rise in revenues, pulling down some other casino shares. Netflix rallied 1.7% after an outperform upgrade by Macquire analysts. Otherwise it's a quiet start on the economic front with only Markit PMI on tap later.