Stocks Rebounded!
The Sentiment is in Unbiased View!

U.S Stocks rebounded from the early losses last week, as fears seemed to abate about the new omicron variant of the coronavirus. The top U.S. benchmark indexes climbed, about 2.33% to 4 %. The industrial index Dow-30 outperformed. U.S. large-cap growth stocks outperformed their value counterparts. The yield of the 10-year U.S. Treasury bond climbed to around 1.49%

The European benchmark indexes extended their gains over 2% as the potential economic implications subsided due to the eased fears of the omicron variant. The French index CAC-40 outperformed. The eurozone bond yields ended higher. Despite the abate of omicron variant implications, some European countries, Denmark, Norway, and the U.K., imposed stricter covid restrictions.

The top APAC benchmark indexes closed higher for the week, about 0.96% to 1.83%. The Indian index  Nifty 50 outperformed.  Chinese benchmark indexes rose over 1.5% for the week after the central bank cut the reserve requirement ratio for banks, and November factory-gate inflation cooled, easing inflation concerns.


0 Comments

Leave a Reply

Avatar placeholder

Your email address will not be published.