This week, trade is expected to be lighter across global markets as investors await the start of a new year.
U.S. stocks finished Wednesday slightly higher, while U.S. government debt yields slipped yesterday, following data that showed a drop in consumer confidence during the month of December.
In economic news, the Department of Labor reported Thursday that the number of Americans applying for state unemployment benefits held steady last week. Workers filed 245,000 initial claims for the week that ended Dec. 23, hinting at a tight labor market.
Meanwhile, the Chicago PMI for December rose to 67.6, the highest level since March 2011, according to Reuters.
Looking to the auctions space, the U.S. Treasury auctioned $28 billion in 7-year notes at a high yield of 2.37 percent. The bid-to-cover ratio, an indicator of demand, was 2.55. Indirect bidders, which include major central banks, were awarded 60.5 percent. Direct bidders, which include domestic money managers, were awarded 13.1 percent.
Commodities continue to be on investors' minds, after crude futures hit a more than two-year high earlier on this week. Oil prices posted minor gains on Thursday, on the back of strong data out of China.