Thursday, December 2, 2021
 
Home
Cash Bids
Agronomy
Grain
Seed
Feed
Station
Headline News
Board of Directors
Employment
Contact Information
Vital Information
Links
  
 
Printable Page Headline News   Return to Menu - Page 1 2 3 5 6 7 8 13
 
 
Global Markets Mixed on Wall St., Virus12/02 05:25

   Global stocks and Wall Street futures were mixed Thursday as traders tried 
to figure out the potential impact of the latest coronavirus variant.

   BEIJING (AP) -- Global stocks and Wall Street futures were mixed Thursday as 
traders tried to figure out the potential impact of the latest coronavirus 
variant.

   London and Frankfurt opened lower and Shanghai and Tokyo fell. Hong Kong 
advanced.

   It is unclear whether omicron is more dangerous than other variants. But 
governments have responded by tightening travel controls. That is fueling 
unease about the outlook for a global economic recovery.

   On Wall Street, the future for the Dow Jones Industrial Average was up 0.6% 
and that for the S&P 500 index gained 0.5%. The sank 1.2% on Wednesday despite 
surveys showing hiring and factory activity in November were better than 
expected. Markets already were sliding when the White House announced the 
discovery of the first omicron case in the United States.

   On Wednesday, the Dow declined 1.3% and the Nasdaq slid 1.8%.

   In early trading Thursday, the FTSE 100 in London lost 0.9% to 7,105.89 and 
the DAX in Frankfurt tumbled 1.4% to 15,263.35. The CAC in Paris shed 1.2% to 
6,798.75.

   In Asia, the Shanghai Composite Index lost less than 0.1% to 3,573.84 and 
the Nikkei 225 in Tokyo sank 0.6% to 27,753.37. The Hang Seng in Hong Kong 
advanced 0.6% to 23,788.93.

   The Kospi in Seoul surged 1.6% to 2,945.27 while Sydney's S&P-ASX 200 lost 
0.2% to 7,225.20.

   India's Sensex rose 0.8% to 58,165.65. New Zealand and Singapore fell while 
Jakarta advanced.

   The latest data "painted an optimistic picture for economic conditions, but 
that seems to be taking a backseat as the omicron variant can potentially shift 
the landscape," Yeap Jun Rong of IG said in a report.

   Investors already were rattled after Federal Reserve chairman Jerome Powell 
said the U.S. central bank might withdraw stimulus sooner than expected due to 
persistently high inflation.

   The Fed's bond purchases are injecting money into the financial system, 
boosting stock prices. The S&P500 has more than doubled since March 2020.

   In energy markets, benchmark U.S. crude rose 87 cents to $66.44 in 
electronic trading on the New York Mercantile Exchange. The contract fell 61 
cents on Wednesday to $65.57. Brent crude, the price standard for international 
oils, gained $1 to $69.87 per barrel in London. It lost 36 cents the previous 
session to $68.87.

   The dollar gained to 113.21 yen from Wednesday's 112.79 yen. The euro 
advanced to $1.1323 from $1.1319.

 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN