European markets rose sharply Wednesday following a strong summit that highlights the hope that the Omicron coronavirus divergence will not seriously affect the economy more than it fears.
The Stoxx 600 regional index added 0.2 percent in initial action after closing 2.4 percent above Tuesday. London’s FTSE 100 rose 0.3 percent and Germany’s Dax fluctuated sharply. In Asia, Hang Seng of Hong Kong sold a house and Nikkei 225 of Tokyo added 1.4 percent.
The global currency rose very in recent years Tuesday, after a whiplash in the past two weeks as investors argued over how Omicron could be affected, which has been seen to be more contagious than previous races.
Stoxx and Wall Street’s S&P 500 completed their two-day strong climb in 2021, according to a Deutsche Bank census, after earlier South African sources said Omicron was also present. less bringing more serious illnesses than other complications.
However, a study by the Africa Research Institute late Tuesday provided mixed results on how the species responded to the BioNTech / Pfizer vaccine, finding the immune system was missing. “much but not enough”.
“We are still skeptical of the epidemic,” warned Juliette Cohen, a specialist at CPR Asset Management, adding that declining sales during the holidays meant that the market would be “bigger than it should be” until January. .
Moving this week with Chinese officials to reducing shrinkage of Evergrande patients and supporting the housing market has also strengthened the global market.
Renminbi Wednesday stood in a strong position against the US dollar since May 2018, one dollar bought Rmb6.35. Chinese shares of the CSI 300 gained 1.5 percent.
Yields over the 10 years of the US Treasury Note fell by 0.02% to 1.46% while credit prices rose.
Germany’s 10-year Bund yields were stable at minus 0.374 percent, close to the lowest level since early September, when low-risk government purchases overshadowed pre-Omicron volumes about how changes in the US economy could affect credit markets. .
Federal Reserve chairman Jay Powell indicated last week that he was helping to reduce the $ 120bn-month large-scale bankruptcy that has boosted markets since March 2020.
Leading economists expect the Fed to end its procurement program by the end of March next year, setting a precedent for inflation, according to another study was conducted in collaboration with the Financial Times and Initiative on Global Markets at the University of Chicago Booth School of Business.
“The markets right now are good but there are changes we need to be aware of,” said Anthony Collard, chief financial officer in the UK and Ireland at JPMorgan Private Bank.
Fed Fed purchases have reduced borrowing costs and bond yields, making investors more likely to be fictional assets such as initial stocks and cryptocurrencies.
“We are in a position where the Fed is starting to turn this around,” Collard said. “It’s a hurricane.”
Researchers interviewed by Refinitiv expect that inflation in the U.S. in November, released on Friday, show consumer prices rose 6.8 percent from the same month last year due to the disruption of the supply chain and the backlog.
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