Japan’s Nikkei off 0.4%

Sydney, Dec. 28 (BNA): Japan’s Nikkei was off 0.4% as a rebound in the yen has kept its gains for December to a minimum.

The S&P 500 has climbed 14% in just two months to within a whisker of its all-time closing peak, while its price to earnings ratio is up by a quarter on the year at 24.0, Reuters reported.

MSCI’s broadest index of Asia-Pacific shares outside Japan added another 1.4%, to be up 11% in two months and at its highest since August.

EUROSTOXX 50 futures added 0.4% and FTSE futures 0.3%. S&P 500 futures edged up 0.1% to another record high, while Nasdaq futures firmed 0.2%.

M.I.