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European stocks decline after Wall Street closes

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European stocks opened Thursday after the Wall Street downturn at the end of the previous quarter, as traders tested the new evolution of the Omicron coronavirus and how to manage its future economic policy.

Europe’s Stoxx 600 declined by 1.2%, over a week of instability driven by the release of this new version, which was found to be for the first time in the US Wednesday in California vaccine, as the cases continued abundance in South Africa. London’s FTSE 100 dropped by 1 percent.

European oil prices and oil prices rose on Wednesday, leading to a sharp rise in Wall Street, as traders reverted to the difficult financial banks and economic divisions they once owned. very fall in the past.

But S&P 500 equity gauge closed 1.2 percent down in New York, showing its biggest shock since March and following a penalty shootout Tuesday that left about 2 percent.

Advertisers Wednesday rushed to the fence, selling off a wide range of options – offshoots that offer security if the price of security goes down – hitting at the highest level in 17 months, according to Bloomberg data.

Vix Index, the so-called Wall Street Panic that measures stock market volatility, traded at a high price of 31.1 on Wednesday, more than about 20 and its highest level since March.

Markets reviewed Tuesday by Jay Powell, chairman of the US Federal Reserve, which said eager to speed up reduction of the central bank $ 120bn monthly purchase of a bond that has supported the stock market since March 2020.

Powell also pointed out that the world’s largest economy is “very strong” ahead of Friday’s job that economists interviewed by Reuters expect to show U.S. employers have increased their employment by more than half a million last month.

Omicron, which the World Health Organization last week announced “differences in anxiety, ”Has a number of alarming changes that could prevent the vaccine.

Governments have rushed to tighten travel restrictions in light of the spread of this new species. US President Joe Biden is expected to appear on Thursday announce new information his motive for Omicron.

Advertisers hope that this change will be possible for policy makers and vaccinators as the Delta virus, where temporary shaking US and European markets in July before last month responding to the economic recovery and corporate profits.

“There is no need to panic because we do not have all the facts right now,” said Jeremy Gatto, general business manager at Unigestion.

“Vaccines being completely ineffective and the risk of further closure is not what we are experiencing,” he added, “but apparently the short-term risks to the market have grown.”

Yields on the benchmark 10-year Treasury note rose by 0.01 percent to about 1.45 percent. Brent crude, an oil benchmark, rose 1.8% to $ 70.09 a barrel after a dramatic change in recent days.

Asian currencies were mixed, with Hong Kong’s Hong Kong index rising 0.4 percent while the Tokyo Nikkei 225 dropped 0.7%.

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