Stock indices pleased investors with strong gains before the Christmas holidays
The US stock markets are outperforming stock markets in the rest of the world by most measures in 2 decades.
According to Wells Fargo, the US Federal Reserve will begin raising interest rates in the second half of 2022.
The US airlines United Airlines and Delta Air Lines were forced to cancel more than two hundred flights on the eve of the holidays due to massive COVID-19 infection of flight crews and other workers. United Airlines canceled 120 flights, and Delta Air Lines canceled about 90 flights.
The Hungarian Central Bank raised interest rates for the 6th time in the last few months to stop inflation and weaken the national currency. The Hungarian forint has lost 2% against the euro and 9% against the dollar since the beginning of the year.
Amid falling natural gas futures, the price of gas in Europe fell below $1600 per thousand cubic meters.
Yesterday, oil prices continued to rise as the “Omicron” strain was brought under control, which strengthened the prospects for oil demand. The WTI crude futures increased by 1.4% to $73.76 a barrel yesterday. WTI crude oil rose by 4.3% for the week.
Asian stock markets are trading without single dynamics today. Japan’s Nikkei 225 index (JP225) decreased by 0.05% in today’s trading, Hong Kong’s Hang Seng index (HK50) increased by 0.13%, while Australia’s main index ASX 200 (AU200) added 0.44%. Japan’s core consumer price index posted its biggest year-over-year increase in nearly two years in November due to higher fuel prices, signaling the widening impact of rising global commodity prices. Core inflation, which excludes food prices but includes the cost of oil prices, increased by 0.5% in November. However, this increase is unlikely to prompt the Bank of Japan (BOJ) to reduce monetary stimulus anytime soon since inflation is still far from the central bank’s 2% target.
S&P 500 (F) (US500) 4,725.79 +29.23 (+0.62%)
Dow Jones (US30) 35,950.56 +196.67 (+0.55%)
DAX (DE40) 15,756.31 +162.84 (+1.04%)
FTSE 100 (UK100) 7,373.34 +31.68 (+0.43%)
USD Index 96.04 -0.03 (-0.04%)
News feed for: 2023.07.04
- Japan National Core CPI (m/m) at 01:30 (GMT+2).
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.