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As Wall Street rises in global stocks, the fear of the virus diminishes

Wall Street futures were higher after the White House Chief Medical Advisor stated that Omicron variants were less dangerous.

Global stock markets rose following Tuesday’s Wall Street as China reported stronger-than-expected November trade, as concerns over the latest variants of the coronavirus eased.

London and Frankfurt have opened higher. Shanghai, Tokyo and Hong Kong have advanced. Oil prices rose by more than $ 1 a barrel on the second day.

Wall Street futures were higher after the White House chief medical adviser said on Monday that variants of Omicron may be less dangerous. This may ease travel and business restrictions.

IG’s Yeap Jun Rong said the hospital is “optimistic” among traders who have previously sold it, according to a report from South Africa where Omicron was first discovered.

In early trading, London’s FTSE 100 rose 1% to 7,302.61 and Frankfurt’s DAX rose 1.6% to 15,623.97. CAC 40 in Paris was up 1.7% to 6,982.63.

On Wall Street, the future of the S & P 500 rose 1% and the future of the Dow Jones Industrial Average rose 0.8%.

Monday’s S & P 500 rose 1.2% and the Dow rose 1.9%. The Nasdaq Composite Index increased by less than 0.1%.

In Asia, domestic demand could increase to 3,595.09, with the Shanghai Composite Index rising 0.2% after a 31.7% year-on-year surge in imports in November.

The Nikkei 225 in Tokyo rose 1.9% to 28,455.60, and the Hang Seng Index in Hong Kong rose 2.6% to 23,983.66.

Seoul’s Kospi rose 0.6% to 2,991.72, and Sydney’s S & P-ASX 200 rose 1% to 7,313.90.

India’s Sensex rose 2% to 57,871.21. Markets in New Zealand and Southeast Asia have expanded.

On Wall Street, led by technology and banks, more than 85% of S & P 500’s stake rose on Monday.

Aviation is in a position to benefit by avoiding advanced anti-coronavirus control after early signs suggest that Omicron may be less dangerous than previous Delta variants, Dr. Anthony Fauci Companies, cruise ships and other travel agencies.

It still takes a few weeks to know if Omicron is more contagious, causes more serious illness, or avoids immunity.

Investors also take into account mixed US employment data and the Federal Reserve’s plans to accelerate the withdrawal of stimulus to cool inflationary pressures.

The US government will report consumer inflation in November on Friday.

In the energy market, benchmark US crude rose $ 1.58 per barrel to $ 71.07 in electronic trading on the New York Mercantile Exchange. The deal surged $ 3.23 on Monday to $ 69.49. Brent crude, the international oil price standard, increased by $ 1.41 to $ 74.49 per barrel in London. In the last session, it surged $ 3.20 to $ 73.08 per barrel.

The dollar rose from 113.49 yen on Monday to 113.70 yen. The euro fell from $ 1.1278 to $ 1.1266.

As Wall Street rises in global stocks, the fear of the virus diminishes

Source link As Wall Street rises in global stocks, the fear of the virus diminishes

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