U.S. economic data is released intensively. In November, U.S. second-hand home sales rose to a 10-month high in a row, and strong demand and tight supply made house prices rise nearly 14% year-on-year. U.S. real GDP in the third quarter was 2.3% quarter-on-quarter, the slowest pace since the second quarter of last year, and the market is worried that the highly contagious Omiljunn variant will significantly dampen economic growth early next year. The US core PCE price index rose 3.6% year-on-year in the third quarter, which is in line with expectations, but it is still the highest in nearly 30 years, and some people expect the core PCE price inflation to rise further in the fourth quarter.
At the level of fighting the epidemic, the US Food and Drug Administration (FDA) approved the use of Pfizer's new crown oral drug Paxlovid, becoming the first approved home drug for the treatment of new crown pneumonia in the United States. The University of Oxford and AstraZeneca launch vaccine development for Omicron. Biopharmaceutical company Cocrystal Pharma, which at one point rose 10 percent, said its coronavirus drug was effective against Opmi kerong.
The latest study in South Africa shows that the risk of hospitalization of Omikeron infection is 80% lower than that of other strains, although once hospitalized, the risk of severe illness is similar to that of other strains. CCTV quoted experts as saying that the peak of infection in Omikerong, South Africa, may have passed.
WHO is calling on people to cancel some holiday gatherings. Governments in many European countries are tightening restrictions, Germany will implement new social restrictions on New Year's Eve, vaccinated people can not meet more than 10 people in private, and many places in India have also tightened epidemic prevention policies.
Although the number of confirmed cases in the Uk in a single day exceeded 100,000, Prime Minister Johnson said that a lockdown would not be imposed before Christmas and that new measures would not be ruled out after the holiday. Australia and France are also not considering new measures to prevent the epidemic, and join the United States in urging vaccination to strengthen the needle.
European and American stock indexes rose twice in a row, Tesla's biggest gain in the past two months, Qutoutiao led the rise in China, Ali fell more than 4%
On Wednesday, December 22, as the market gradually digested the potential impact of the Omicron variant on the economy, risk appetite continued to resurgence, and U.S. stocks collectively rose, rising for two consecutive days after yesterday's three consecutive declines.
The Dow rose as high as nearly 272 points or 0.8 percent during the day, standing above the 35,000-point mark. The S&P 500 opened low and went high, up as high as 1%, pushing up to 4700 points. The Composite Index also opened low and went high, rising as high as nearly 185 points or 1.2%, standing at the 15,000 point mark. Russell 2000 small cap stocks fell 0.3% at one point and briefly lost the 2200 round number before rising as high as 0.8%.
By the close, the S&P 500 was up 47.33 points, or 1.02 percent, at 4696.56 points. The Dow Jones Industrial Average closed up 261.19 points, or 0.74 percent, at 35,753.89 points. The Nasdaq Composite (NASDAQ) closed up 180.81 points, or 1.18 percent, at 15,521.89 points. Russell 2000 small cap stocks closed up 0.86%, led by the NASDAQ 100 index closing up 1.21%.
All 11 sectors of the S&P 500 closed higher, with the optional consumer sector leading the way by more than 1.7%, the information technology sector rising more than 1.3%, and the healthcare sector rising about 1.2%. U.S. sector ETFs generally closed higher, with optional consumer ETFs up about 1.8 percent, global technology index ETFs up about 1.5 percent, technology industry ETFs up more than 1.3 percent, and cyber-stock index ETFs bottoming out with about 0.3 percent.
Financial blogger Zerohedge said the Dow erased losses so far this week, with the NASDAQ and small-cap stocks up more than 2 percent during the week, and the Dow and S&P markets nearly recovering all of the losses since the Opmikharong outbreak.
The analysis pointed out that before the Christmas market closure in the US financial market on Friday, the overall trading was light, and there was no shortage of investors who took advantage of the opportunity to take profits. U.S. stocks fluctuated sharply amid the rapidly spreading Omiljung variant and the fear that inflation remained high and ultra-loose monetary policy was about to end.
According to The Bespoke Investment Group, December, usually the quietest month for the S&P market since 1953, has so far been the most volatile month of the year. The "Panic Index" VIX surged above 35 earlier this month and only fell below 20 today, and some professionals predict that this high volatility may continue into next year.
The Wall Street Journal concluded that investors are trying to determine how much of an economic impact the rapid spread of Mr. O'Mitchellon will have, exacerbating market tensions by the fact that people are preparing for multiple rate hikes by the Federal Reserve next year, and that reduced fiscal and monetary policy support will make markets volatile.
FAAMNG star tech stocks fell on Facebook alone. Facebook parent company Meta Platforms fell more than 1 percent, falling in four of the last five days. Amazon, which closed higher after falling more than 1 percent, suffered at least three service outages this month and faces a U.S. antitrust investigation. Apple rose 1.5 percent and Microsoft rose 1.8 percent, both up two days in a row and reaching a one-week high. Google's parent company Alphabet rose more than 2%, Netflix rose 1.5% and rose for three consecutive days.
Electric car giant Tesla rose as high as 8.2 percent, closing up 7.5 percent, its biggest one-day gain since Nov. 1, returning above $1,000 for the first time since Dec. 10 and returning to $1 trillion in market value. CEO Musk sold another $326 million stake, saying the personal reduction target was almost completed. From its all-time peak on Nov. 4 to Tuesday, Tesla had fallen 24 percent in price, and the National Highway Traffic Safety Administration (NHTSA) began investigating its "PASSENGER PLAY" game feature.
Chip stocks rose mostly. The Philadelphia Semiconductor Index rose 0.9 percent, its highest since two straight days into Dec. 15. AMD fell 0.3 percent, Intel fell more than 1 percent and then rose 0.4 percent, and Nvidia rose more than 1 percent, recovering all of its losses since Dec. 16.
Vaccine stocks rose and fell. Pfizer rose 1 percent and re-approached a new high. Modena fell more than 6 percent to a more than one-month low since Nov. 18, with Nova Vaques down more than 4 percent and another 8 percent after hours, and the company said its vaccine could produce a universal immune response to TheOmilon. Merck rose 0.8%, and the UK government will buy an additional 1.75 million copies of its COVID-19 oral medication.
Qutoutiao led the rise in Chinese stocks, "three fools to build cars" only fell in Weilai, and Alibaba fell more than 4%:
Alibaba fell 4.2 percent, approaching a monthly low, and according to the surging news, Alibaba Cloud was suspended for 6 months from the Ministry of Industry and Information Technology's cybersecurity threat information sharing platform cooperation unit. Atlantic Equities also cited the fact that Tmall and Taobao performance will not improve in the short term and downgrade its rating to "neutral."
Qutoutiao rose nearly 12 percent to lead The Chinese stocks, up 1.7 percent, luckin Coffee rose 2.8 percent at one point, and the company announced a debt restructuring plan that took effect on December 17 this year, involving a restructuring of $460 million convertible senior notes due 2025. After Shell ADR fell 5.7 percent, the firm conducted an investigation into allegations that the company may have violated U.S. federal securities laws and/or engaged in other illegal business practices.
Tiger Securities fell more than 3%, Futu Securities fell more than 6%, Weilai fell more than 1%, Xiaopeng Automobile rose 4.5% to a new high since December 10, Ideal Automobile rose more than 1%, JD.com rose 0.5%, Baidu fell 1%, Tencent ADR fell 1.7%, Pinduoduo fell 1.5%, and Station B fell 4.7%.
European stocks also rose for two consecutive days, with the Pan-European Stoxx 600 closing up 0.92 percent to a two-week high since Dec. 7, with technology, travel and leisure and healthcare stocks leading gains and defense utilities falling. Stock markets in major countries rose in tandem, with Franco-German stock indexes leading the gains.
The MSCI ACWI rose 1 percent, while the Baltic Dry Bulk Index fell 2.83 percent at 2,229, a 10-day streak. Turkey's Istanbul Stock Exchange National 100 index closed down 4.64%, more than 20% from the new closing high of December 16 into a "bear market", triggered by a circuit breaker triggered by the decline for the fourth consecutive trading day.
Oil prices rose for two consecutive days, U.S. oil touched $73 cloth oil rose below $75, European natural gas fell more than 8% from a new high
WTI February crude oil futures closed up $1.64, or 2.30 percent, at $72.76 a barrel. Brent February crude futures closed up $1.31, or 1.77 percent, at $75.29 a barrel.
U.S. Oil WTI rose as high as $1.91 or 2.7% during the day, not only rising below $72, but also touching the $73 round number at one point, close to a month's high. International Brent rose as high as $1.56 or 2.1%, breaking the $74 and $75 barriers.
A lower dollar boosts dollar-denominated commodities, rising risk sentiment and attempts by governments such as the United Kingdom and Australia to postpone the implementation of the new anti-epidemic lockdown are all good for oil demand and oil prices.
Meanwhile, the U.S. Energy Information Administration's EIA said that in the week of December 17, overall U.S. oil inventories fell the most weekly decline since July this year, falling by more than 4.5 million barrels for two consecutive weeks. However, last week's refined oil and gasoline and other refined oil stocks did not fall but rose.
TTF benchmark Dutch natural gas futures fell 8.40% in late trading at €165.500/MWh, closing more than 20% yesterday to an all-time high of nearly €181. ICE UK gas futures closed down 4.29 percent at 432.34p/kcal, moving away from a record high of 470p on Tuesday. According to the analysis, European natural gas prices have soared 800% this year, and electricity prices have soared by 500%, triggering a "market crisis".
The dollar fell for three consecutive days to force 96, the Turkish lira forced 12 consecutive days of gains, and Bitcoin hovered at $49,000
The basket of dollar indexes (DXY), which measures the greenback against six major currencies, fell as deeply as 0.5 percent during the day, pushing down the 96 mark and hitting a 16-month high of near 97 last month and rising more than 7 percent this year to set the best annual performance since 2015.
The EURUSD rose 0.4% to return above 1.13, while the GBPUSD rose 0.7% and returned above 1.33. The risk-sensitive commodity currency, the Australian dollar, rose nearly 1% against the dollar, rising above 0.72 and trading at a one-month high. The Turkish lira rose nearly 4 percent more against the dollar, pushing up the 12 mark for three days in a row and recovering deep losses since the end of November, falling below 18 to a record low at the start of the week.
Bitcoin, the largest digital currency by market capitalization, rose to a new week-high of $49,600 at one point before narrowing its gains and returning below the $49,000 round mark. The second largest Ethereum turned down, losing the $4,000 mark at one point. Most of the mainstream cryptocurrencies rose.
U.S. Treasury yields fell in tandem with each maturity, with Italian Treasury yields leading the rise in European sovereign bonds
The 10-year Treasury yield fell by 3.9 basis points deeper during the day, falling below 1.45% in the day and trading 1.46% in the intraday. The 30-year long-term bond yield fell by 4.7 basis points at the deepest, pressing a daily low of 1.85%, and yesterday it tried to test 1.90%.
The more monetary-sensitive two-year US Treasury yield fell by 2.1 basis points, pressing a daily low of 0.65%, and then the decline narrowed sharply, and the US stock market returned to the 0.67% line during the session.
Investor risk appetite picked up, with Italian treasury yields leading up European sovereign yields with more than 4 basis points of growth. The 10-year German bond and 10-year British bond yields rose by 3 and 4 basis points respectively intraday, and the european market end-of-day gains cut in half.
Recently, the 10-year US Treasury has maintained range shocks under the combined impact of the Omicron epidemic, the Fed's hawkish policy expectations, and biden's fiscal stimulus new policy. CITIC Securities believes that after the Fed announced the acceleration of Taper, the market's expectations for monetary policy tightening landed, and the trading logic turned to the Olmi kerong variant strain, which suppressed the risk appetite of the global market and the general decline in risk assets, confirming that the strain caused concerns about economic growth, dominating the US Treasury interest rate not to rise but to fall.
Gold rose above $1800, London Metal closed higher for two consecutive days, and "Dr. Copper" broke $9600 for the first time in two weeks
COMEX February gold futures closed up 0.8% at $1802.20 an ounce. COMEX silver rose more than 1%, pushing up to $22.90 an ounce.
Spot gold prices finally rose above the $1800 round mark in the late session of U.S. stocks, extending their intraday gains to 0.8 percent and trading near a one-month high. The analysis pointed out that gold prices maintained a narrow range, as the rise in US Treasury yields offset the safe-haven demand brought by Omicron.
Most of the inner futures night markets closed higher, pulp rose more than 2.5% to lead, iron ore fell more than 2.5%, and the "coal three brothers" only closed slightly higher in coking coal.
London base metals generally closed higher for two consecutive days. Copper rose for three consecutive days in the LME period, breaking through the integer level of $9600/ ton for the first time since December 8. Lun Zinc rose more than $100, Lun Nickel rose more than $330, has fully recovered the decline at the beginning of the week, And Lencie rose another $40 after yesterday's surge of $490.