Shares are on the rise as Omicron’s concerns diminish for an unchanged week | Financial Markets News

In all markets it was quiet Monday as investors noted that Omicron’s cases had been mild.

The U.S. currency rose sharply from Selloff on Friday as investors were relieved by reports that the omicron divergence has been declining.

The S&P 500 rose 1.2%, up from losses last week, while the Nasdaq 100 heavier technical index gained 0.9%.

All markets remained calm Monday as investors pointed to a positive report from South Africa that showed hospitals were not intimidated by the recent Covid crisis. However, the Cboe volatility index continued.

“While we expect the uncertainty to continue, it could be an opportunity to buy,” said Ryan Detrick, chief marketing officer at LPL Financial, in a statement. “We’ve been with Covid-19 for over 20 months now. We’ve seen a number of colors and we’ve made some progress, and we hope the same book will work.”

Oil prices soared after Saudi Arabia raised inflation, indicating confidence in key markets. Natural gas in the US predicted a warmer climate, which reduced the already low prices. And Treasury 10-year yields rose to 1.43%.

The first from South Africa “is a little encouraging to the crisis,” Anthony Fauci, senior adviser to US President Joe Biden, said Sunday. Although, at the same time, he warned that it was still too early to confirm.

“Of course, we do not know how the current vaccine works against the omicron, or how it is transmitted, but we do know that the desire to close the world is very small and these questions need to be answered in the coming weeks,” Detrick said. he said.

The VIX, or so-called panic gauge, fell nearly three points on Monday 27th after failing to comply with the same level as when the S&P 500 fell below Sept. 20 down last week.

“This was the beginning of a very powerful October conference since 2015,” said Chris Larkin, chief marketing officer at E * Trade Financial. “While the past is rarely mentioned, it should give experienced entrepreneurs something to think about …

The Stoxx Europe 600 index gained 1.3% while shares in Japan, China and Hong Kong fell into technical weakness. Evergrande dollar bonds fell sharply and shares fell by 20% as the company approached debt restructuring. China has also reduced the amount of money that most banks have to save, in response to the economic downturn that makes its central bank a way different from most of its counterparts.

Later this week, interest will focus on consumer prices in the US, which is expected to show a significant annual lead over the next few decades, giving the Federal Reserve the opportunity to offer a quick fix on its hawkish targets.

“That’s where the stocks can continue to gather, although I think we should all expect a ‘normal’ 2022 from the moment we return,” wrote Tom Essaye, a former Merrill Lynch businessman who co-authored the letter “The Sevens Report”. “Once the market adopts the Fed’s new concept, the reality will remain that the Fed is still in good shape. QE is still going strong and despite a double increase in 2022, this will still keep the Fed’s stock below 1% by the end of the year.

Here are some great ones to see this week:

• Reserve Bank of Australia policy decision Tuesday
• Euro area GDP Tuesday
• Reserve Bank of India exchanges Wednesday
• Olaf Scholz is expected to replace Angela Merkel on Wednesday
• The president of the European Central Bank Christine Lagarde addresses a gathering Wednesday
• Minneapolis Federal Reserve Bank President Neel Kashkari speaks on Thursday
• Reserve Bank of Australia Governor Philip Lowe speaks Thursday
• China CPI, PPI, currency, new yuan loans, total currency Thursday
• US CPI Friday

Some of the biggest moves in the market:

Shares

• The S&P 500 rose 1.2% from 4pm New York time
• Nasdaq 100 up 0.9%
• Dow Jones Industrial Average rose 1.9%
• MSCI World index rose 0.8%

Money

• The Bloomberg Dollar Spot Index was slightly changed
• The euro fell 0.3% to $ 1.1283
• The British pound rose 0.2% to $ 1.3257
• The Japanese yen depreciated 0.6% to 113.48 per dollar

Bond

• 10-year Treasury yields rose eight points to 1.43%
• German production for 10 years did not change slightly at -0.39%
• British 10-year yields dropped by one point to 0.74%

Sales

• The West Texas Intermediate crude rose 5.3% to $ 69.80 a barrel
• Gold futures fell 0.2% to $ 1,780 per ounce