Equity markets close early for Christmas Eve

Last year's market massacre on Christmas Eve isn't going to be repeated this year. Instead, the melt-up in US equities looks set to continue with futures pointing a couple points higher.

All the scheduled news of the day comes at 1500 GMT with the Richmond Fed and a 5-year Treasury note auction. The consensus on the Dec Richmond Fed is +1 and it's not without risks. Last week a soft Philly Fed sparked a quick drop in USD/JPY.

For more, see the economic calendar.