Thursday 2nd December 2021 |
Text too small? |
U.S. stocks prices rose Wednesday, recovering back some losses generated by worries over the Omicron variant and the unwinding of Federal Reserve stimulus. The three leading US indices were up overnight, with the Dow Jones Industrial Average, rising 0.6%, while the S&P 500 and Nasdaq Composite ticked up by 0.5% and 0.9%, respectively. Jerome Powell said before Congress that any acceleration of the tapering plans ahead, would not disrupt financial markets. However, the prospect of higher interest rates is diminishing investors’ appetite for riskier corners of the stock market, such as growth sectors like technology. OPEC’s production on Friday s being keenly anticipated.
In Europe all the leading stock markets were up as follows: FTSE100 (+1.55%), DAX30 (+2.47%), CAC40 (+2.39%) and the STOXX600 (+1.71. In Asia, virtually all markets were up with the South Korean KOSPI and Singapore STI putting in relatively strong performances at 2.14% and 1.87% respectively. The other key Asian markets were mostly up as follows: the Hang Seng (+0.78%), the NIKKEI 225 (+0.41%) and the Shanghai Composite (+0.36%).
The yield on the US 10 -year note was at 1.424%, while the yield on US 2 – year treasuries was at 0.563%.WTI oil rebounded initially to US$69 a barrel, after dropping sharply on Tuesday, but is currently at US$65.46 per barrel (- 1.09%). Gold was at US$1780.40 (+0.22).
No comments yet
August 9th Morning Report
August 6th Morning Report
July 30th Morning Report
July 19th Morning Report
July 17th Morning Report
July 16th Morning Report
July 15th Morning Report
July 11th Morning Report
July 8th Morning Report
July 4th Morning Report