U.S. financial markets stop Monday in holding Presidents Day – which is not, technically, the name of the holiday.
The New York and Nasdaq Stock Exchange will close on Feb. 15. And the Securities and Markets Industry Association, or Sifma, recommends not trading in dollar-denominated securities, meaning the 10-year Financial Note TMUBMUSD10Y , which is closely watched,
– plus flat rates for money markets and investment credentials – joins Dow Jones Business Average DJIA,
index S&P 500 SPX,
and the Nasdaq Composite Index COMP,
in a static state.
And trading futures and options on CME Group CME,
exchanges will also be suspended on Monday. In other words, there will be no arrangements in trading in GCJ21 gold futures,
or crude oil CL.1,
However, traders will be able to deal in-kind on the Globex platform, with a halt starting after 1pm East.
So this is the skin on Presidents Day called. Congress declared Washington’s Birthday a holiday in 1879, according to the Library of Congress. The first president of the republic was born on February 22, 1732.
Several sources state that the holiday was first identified only within the District of Columbia but was widely recognized as a federal holiday in 1885, marking the first time an American person was commemorated. through a bank holiday.
The Uniform Holiday Act 1968 changed the day of remembrance to the third Monday in February. The Library of Transport website states that the day’s designation has not been formally changed to Presidents’ Day but is often referred to by that name as February 12th is the 16th president’s birthday. and SA, Abraham Lincoln.
The holiday is often referred to as Washington’s Birthday, and is recognized by that name at ICE-owned Intercontinental Exchange Inc.,
New York stock exchange.
That history is about recognizing, first, one president and then, later, two presidents, or the presidency in general, who may be to blame for the style changes that are likely to occur in written references to Presidents’ Day – or alternately, Presidents’ Day or Presidents’ Day.
Presidents’ Day is the favorite style of news status setters such as the Associated Press Stylebook (which has a Twitter account tend to tweet memories annually) and The Wall Street Journal style guide.
Meanwhile, Canadian markets are closed on Family Day, which coincides with U.S. Presidential Day falling on the third Monday in February. Trading on European markets, and trends in such benchmarks as the Stoxx Europe 600 SXXP,
and the UK’s FTSE 100 UKX,
Slate is set to start as usual on Monday.
However, Asian markets will be largely closed for the Lunar New Year, turning the page from the Year of the Rat with COVID to the Year of the Ox, which officially began on Feb. 12. Shanghai Composite Index SHCOMP,
the CSI 300 000300,
Shenzhen 399106 Integrated Index,
and Hong Kong HSI Hang Seng Index,
it will be closed Monday.
Chinese bonds will be suspended from Feb. 11 to 17, while Hong Kong markets will be closed from Friday to Monday.
Markets in Asia and the US have been rising in hopes of better economic times as the world struggles to recover from the first-identified COVID-19 pandemic in December 2019 and that has led to 108 million cases worldwide – 27 million in the U.S., along with 475,000 U.S. deaths, according to data compiled by Johns Hopkins University of Medicine.