The European economy and the future of Wall Street came to a standstill on Monday after stocks were encouraged to draw up a fortune last week with positive financial statements, strong business findings and central banks confirming simple monetary policy.
The list of Stoxx Europe 600 shares hit after a sharp rise last week. London’s FTSE 100 reopened Monday morning as futures contractors following the US S&P 500 index gained 0.1%.
Concerned that rising global prices could hurt profits, total revenues for the quarter and companies listed in Stoxx exceeded expert forecasts by 7 percent so far, according to Goldman Sachs.
S&P 500 companies exceeded expectations by 10 percent, on aggregate, according to FactSet. Analysts’ forecasts collected by the information provider show that the annual profits will be lower if the potential return from coronavirus exposure in 2020 is slim.
“We may not see the same returns in 2022,” said Zehrid Osmani, manager of Martin Currie’s global portfolio trust. “Next year is a clear year that next year will be a very short year because this year has been a good one,” he said, as companies overcome the 2020 economic crisis.
Wall Street stock exchanges ended last week with a sharp rise after a month-over-month job market advanced analytics predictions, Pfizer said good tests late on its antiretroviral drugs Covid-19 and the Federal Reserve promised Patience rising interest rates.
By Friday the S&P 500 had closed regularly on seven consecutive terms. It is now 25 percent higher this year and has doubled since the market was launched for coronavirus in March 2020.
Yields over the 10-year US Treasury note, the world borrowing index, rose 0.03 percent to 1.486 percent as the price of credit declined. The main debt has dropped from about 1.7 percent at the end of October, however, as traders have become more comfortable with the timing and pace of future interest rates.
Boma he urged last week when the Fed made a telegraph telegram to reduce the $ 120bn monthly bond purchase that has reduced lending since March 2020, under chairman Jay Powell. he said “we don’t think it’s time” to raise the rent. The Bank of England also had interest rates at 0.1 per cent after indicating that it was ready to raise.
In Asia, Hong Kong’s Hang Seng index fell 0.4 percent and the Nikkei 225 of Tokyo’s Nikkei 225 fell 0.4% while traders were cautious at the start of China’s sixth presidential conference, which is expected to pave the way for President Xi Jinping for security. the third stage which has never happened.
Xi’s leadership has said broken As a result of speculation in the real estate industry, finance analysts accounted for 29 percent of China’s total revenue, which has led to financial problems for indebted homeowners such as Evergrande. missing interest rates on other ties.
Other market trends:
Brent crude, an oil brand, increased 1.2 percent to $ 83.55 a barrel as market sentiment was boosted by US President Joe Biden’s $ 1.2tn building use approved by the House of Representatives at the end of Friday.
European natural gas contractors for December rose 4.3 percent to € 77.2 per megawatt hour. hopes faded Russians are stepping up their efforts to alleviate the crisis.
The dollar index, which measures US currency against six others, was traded monthly US inflation data outside Wednesday.