Markets Are Going Nowhere

lake nyos cameroon end of the world

Photo: Wikimedia/Frédéric Mahé

The biggest story of the weekend was the Japanese election, which saw dovish Shinzo Abe sweep to power with a gigantic mandate.That caused the Nikkei to spike and the yen to tank although both saw their moves fade throughout the day. The Nikkei ended up just under 1%.

In China — where stocks rallied 4% on Friday — the Shanghai Composite gained about 0.5%.

European markets are basically flat. Germany is up a little. Italy is down a little Spain is flat. There’s no real news.

And US futures are flat as well.

Other than the Fiscal Cliff, the US economic year is basically over.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at