News

US stock markets to close Wednesday to honor George H.W. Bush

Bush died at 94

George H. W. Bush died on Saturday at 94.

US markets traditionally close following the death of a President. The most-recent one was Gerald Ford in 2007.

Trump will designate Wednesday, Dec 5 as a national day of mourning and US stock and options markets will close. SIFMA hasn’t confirmed whether bond markets will be closed.

The US closure will curb trading in a day that features economic data including the ADP employment report, Q3 productivity, the Markit services PMI, the ISM non-manufacturing index and the Fed’s Beige Book.

I’m not sure how the unscheduled closure will affect things like options expirations and other derivatives. Companies have scheduled earnings reports as well.

ForexLive

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