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A look at Julien Ponthus’s day.
Omicron COVID-19 has so far proved to be an expensive strategy to buy in the global markets. But it seems that some investors have decided to make another choice.
European and US equities futures are up sharply after ending last week on a bitter note and despite a disastrous day in Asia, where the MSCI index for non-Pacific Asia-Pacific equities lost about 0.9%.
The region has had a number of setbacks since Didi’s huge rides were decided to go public on the New York Stock Exchange.
Shares of China’s Evergrand, the world’s most indebted developer, fell 14% after it said it would have enough funds to pay off its debt.
Another giant, Alibaba (NYSE 🙂 fell 5% after announcing it would reorganize its international and domestic e-commerce businesses. And opposition to the sale of US chipmaker Arm, which owns Softbank in the US, lowered the Japanese conglomerate by 8%.
But the mood is already lighter across Europe, and the 10-year Treasury yields could reverse some of Friday’s falls, which for the first time since the end of September were below 1.4%.
Five trading sessions remain ahead of Friday’s U.S. consumer price report, and some believe the Federal Reserve will give the green light to reduce bond purchases.
Oil prices also rose by more than $ 1 per barrel after Saudi Arabia’s crude oil prices to Asia and the United States rose.
And if the market mood is going up, there’s no sign of it falling further and now it’s at $ 48,244, about $ 20,000 below its peak a month ago.
The main developments that should give the markets more direction on Monday are:
-Vivendi is open to Rome to discuss state control over the TIM network
-Alibaba renews e-commerce business, appoints new CFO
-Zurbruegg, Vice President of the Swiss National Bank, will retire in July 2022
-Weaker foreign demand sank German industrial demand in October
-CBI cuts UK economic growth forecast by supply chain
– Eurozone finance ministers discuss budget projects for 2022, euro summit
– Russian President Vladimir Putin visits India
– UK construction PMI / new car sales
– Eurozone finance ministers discuss budget projects for 2022, euro summit
Broadbent BOE Deputy Governor, Lagarde ECB Governor and Panetta Board Member speak:
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