U.S. financial markets will pause Monday in observance of Presidents Day — which, technically, is not the name of the holiday.
The New York Stock Exchange and Nasdaq will be closed on Feb. 15. And the Securities Industry and Financial Markets Association, or Sifma, is recommending no trading in dollar-denominated securities, meaning the closely watched 10-year Treasury note TMUBMUSD10Y, 1.209% — as well as interest rates for money markets and certificates of deposit — will join the Dow Jones Industrial Average DJIA, +0.09%, the S&P 500 index SPX, +0.47% and the Nasdaq Composite Index COMP, +0.50% in a static state.
And trading in futures and options on CME Group CME, +0.91% exchanges will also be halted on Monday. In other words, there will be no settlements in trading in gold futures GCJ21, +0.09% or crude oil CL.1, +0.44%. However, traders will be able to deal in commodities on the Globex platform, with a pause starting after 1 p.m. Eastern.
Meanwhile, Canadian markets are closed in observance of Family Day, which coincides with Presidents Day in the U.S. in falling on the third Monday in February. Trading on European markets, and movements in such benchmarks as the Stoxx Europe 600 SXXP, +0.64% and the U.K.’s FTSE 100 UKX, +0.94%, are slated to be under way as usual on Monday.