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.