Equities and crude rallied on the eve of losses caused by fears about Covid-19, despite the explosion of coronavirus cases globally.
“In general the volatility for December has been much higher than normal. My conviction is that the ‘Santa Claus hike’ will be somewhat lower this year”, dijo Anu Gaggar, de Commonwealth Financial Network.
Riskier currencies like the Australian dollar rallied against their US peer, while bond traders discounted the threat of long-term inflation and the yield curve flattened.
The Dow Jones Industrial Average was up 0.6%; the S & P500 index was up 0.8%; and the Nasdaq Composite also added 0.8%. MSCI’s global stocks measure improved 0.5%.
Oil prices rose about 1% as fears of a tight supply were offset by concerns about COVID-19.
Germany, Scotland, Ireland, Portugal, the Netherlands and South Korea These are some of the countries that have again imposed closures or other restrictions on activity in recent days.
The movements of the foreign exchange markets were, in general, moderate, since the operations were reduced before the Christmas holidays. The dollar index lost 0.272%.
In cryptocurrencies, Bitcoin was down 0.04% to $ 48,910.51, still well below the all-time high of $ 69,000 hit in November.
Source From: Ambito
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