European stock markets climbed to record highs on the first trading day of 2022, and oil prices and US stock index futures also rose after a strong rebound last year.
The Stoxx 600 index for the entire region rose 0.6% in early trading, and Germany’s Dax and France’s Cac 40 each rose 0.9%. In Asia, the Korea Composite Index rose 0.4%. Exchanges in London, Japan and Mainland China are closed for holidays.
Monday’s rise came after the Stoxx 600 Index rose 22% at the close of 2021, a strong rebound from the 4% drop in the previous year, when the coronavirus crisis shook global markets. Analysts and investors said that a large number of government and central bank stimulus measures, coupled with the recovery of the global economy from the depths of the pandemic, have promoted the rise.
European markets generally rose on Monday, with German Lufthansa, French aircraft manufacturer Airbus and Telecom Italia all rising more than 2%. At the same time, oil prices on both sides of the Atlantic have risen. The international benchmark Brent crude oil rose 1.1% to US$78.60 per barrel, while the US marker West Texas Intermediate crude oil rose 1.1% to US$76.01 per barrel. After falling sharply in 2020, both soared by about 50% last year.
Although the stock market continues to rise in early 2022, investors start at the beginning of the year Several risks Karl Steiner, a strategist at Swedbank SEB, said that bubbling in the background.Evergrande Monday notice Steiner said that it will once again suspend trading in Hong Kong’s stocks injecting “some uncertainty”.
Troubled real estate developers have been in Full sector crisis In the world’s largest emerging market for several months. Hong Kong’s Hang Seng Index fell 0.5% on Monday, and the real estate development sector fell 1.1%.
The increasingly tense relations between Western countries and Russia have also attracted the attention of investors. US President Joe Biden has warned that his country will “Decisive” action If Russia invades Ukraine.
The spread of the highly contagious Omicron coronavirus strain, rising global inflation, and the cancellation of central bank stimulus measures are other immediate factors.
In the United States, futures tracking the S&P 500 index rose 0.4% in Chicago morning trading. The Wall Street benchmark index rose 27% in 2021, the third consecutive year of double-digit gains.
Global government bonds were under slight selling pressure. The German 10-year Treasury bond yield rose by 0.03 percentage points to minus 0.15%, while the US equivalent Treasury bond yield rose by 0.01 percentage point to 1.51%.
The important survey of the US manufacturing industry to be released on Tuesday and the monthly employment report that will be closely watched on Friday may provide further direction in the first trading week of this year.