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Finance

Here’s What’s Happening in the Global Markets on Good Friday

Lucinda Shen
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Lucinda Shen
Lucinda Shen
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Lucinda Shen
By
Lucinda Shen
Lucinda Shen
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March 25, 2016, 10:31 AM ET
USPA Maserati U.S. Open Polo Championship
A general view of atmosphere of Easter Egg Hunt at USPA Maserati U.S. Open Polo Championship at International Polo Club Palm Beach on April 20, 2014 in Wellington, Florida. Gustavo Caballero — Getty Images

It’s okay folks— hit the snooze.

It’s Good Friday. That means several markets across the world are closed in observance of the Christian holiday, while pre-market and after-hours trading have been halted in the same exchanges. Many open back up for trading on Monday.

That’s after a week where several international markets fell due to lower oil prices.

Traders have been packing their bags since the start of the week in New York in preparation of the extended weekend, as the the city’s stock exchange closed with the S&P 500 nearly flat for the week, down 0.4% at 2,035.94. The Nasdaq rose 0.10% to 4,773.31.

Other North American exchanges that have taken a break included the Chicago Board Options Exchange, which started the party early shutting down floor trade at 2 p.m. Wednesday, while the Toronto Stock Exchange in Canada is also closed Friday.

Toronto’s S&P/TSX Composite closed down 0.16% Thursday, at 13,358.11.

 

Most European stock exchanges, including the London Stock Exchange and the Frankfurt Stock Exchange have shut their doors for the holiday and won’t open back up until Tuesday. Same for the Hong Kong, New Zealand, and Australia stock exchanges.

London’s FTSE 100 Index fell 1.49% at the market close, to 6,106.48 Thursday. Germany’s DAX was pushed down 1.71% to 9,851.35, and the Hang Seng Index also fell 1.31% to 20,345.61.

Stock Exchanges in Shanghai and Tokyo were open for Good Friday, but have lapsed into after hours trading. Japan’s Nikkei rose 5 basis points to 16,971.83 in trading Friday, while the Shanghai Composite rose 0.1%, to 2,963.26.

Trading of oil futures has also been halted after sliding for most of the week, to post its first weekly loss in over a month. WTI U.S. crude fell 0.8%, closing at $39.46 a barrel Thursday. Brent crude, a benchmark for oil on the international scale, rose slightly by 0.05% to $40.45 a barrel.

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