U. S. Inventory Index Futures USA They stepped on the water on Thursday in a soft trade on the penultimate day of the year after hitting another all-time high in a turbulent session.
Dow Jones and S Futures
Elsewhere, the UK reported a record 183,037 instances on Wednesday, and France hit a new record in Europe after detecting 208,000 instances.
But there’s room for some optimism given that Omicron appears to be replacing Delta, said Joshua Mahony, senior market analyst at Brokerage IG.
“While expanding the dangers of short-term restrictions, the immediate spread, moderate results and obvious ability to upgrade the more lethal Delta variant mean that Omicron can bring a faster return to normalcy,” he said.
Asian stocks traded together after reports that embattled developer Evergrande defaulted on two overseas bond bills on Tuesday and tightened COVID-19 measures in the Chinese city of Xian.
The Shanghai compound 0. 6% and Hong Kong’s Hang Seng 0. 1%. Tokyo’s Nikkei lost 0. 4%.
Still, the market may face other demanding situations in 2022, according to John Hardy, head of foreign exchange strategy at Saxo Bank.
“While a very impressive 2021 concludes, U. S. equities may place the environment next year a little more challenging, with em wages and inflation weighing on margins and earnings growth, and the threat of a fed policy tightening putting pressure on valuations. especially if the Treasury yields more next year,” he said.
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