Global Market Trends (8th Dec., 2021)

December 8, 2021

MAJOR INDEXES

Market report as of 7th, December 2021

NAME	LAST	CHG	%CHG
S&P 500	4,686.750	95.080	2.070
NASDAQ	15,686.92	461.76	3.030
DJIA	35,719.43	492.40	1.400
*FTSE	7,360.890*	20.990	0.290
*NIKKEI	28,860.62*	405.02	1.420
*HSI	23,996.87*	13.210	0.060
*SHANGHAI	3,637.570*	42.480	1.180
VIX	21.590000	-0.300	-1.37
*DAX	15,800.63*	-13.31	-0.08

S&P500MARKET MOVERS

TOP

FTNT	Fortinet Inc	8.629%
NVDA	NVIDIA Corp	7.957%
AZO	Autozone Inc	7.637%
NOW	ServiceNow Inc	7.599%
FANG	Diamondback Energy Inc	6.800%

BOTTOM

CMCSA	Comcast Corp	5.291%
CHTR	Charter Communications Inc	3.321%
WU	Western Union Co	2.913%
MKC	McCormick & Company Inc	2.530%
GNRC	Generac Holdings Inc	2.253%

SECURITIES

BONDS

NAME	YIELD	CHG
US 10-YR	1.4610	-0.019
US 30-YR	1.7900	-0.005
US 5-YR	1.2420	-0.014
US 2-YR	0.6830	-0.006
US 3-MO	0.0740	+0.011
BUND 10-YR	-0.369	+0.005
JPN 10-YR	0.0440	-0.007
UK 10-YR	0.7470	+0.016

FUTURES & COMMODITIES

NAME	LAST	CHG	%CHG
*OIL	71.3800	-0.670	-0.930
*NAT GAS	3.81600	+0.108	+2.910
*GOLD	1,787.2	+2.500	+0.140
*SILVER	22.487	UNCH	UNCH
*WHEAT	809.50	+1.00	+0.120
*COPPER	4.3340	-0.004	-0.090

CURRENCIES

NAME	LAST	CHG	%CHG
JPY/USD	0.8810	+0.0010	+0.09
USD INDEX	96.190	-0.1800	-0.190
USD/JPY	113.49	-0.0800	-0.070
GBP/USD	1.3240	-0.0000	-0.020
EUR/USD	1.1290	+0.002	+0.210
USD/CAD	1.2640	+0.001	+0.050
AUD/USD	0.7130	+0.002	+0.220

Analyst View

U.S. stocks rallied as investor fears over the omicron variant eased, even as rising inflation and uncertainty over the Federal Reserve's tapering plan remain top of mind. The Dow Jones Industrial Average rose 647 points or 1.9% after gaining over 750 points earlier in the session. It was the best day since March. The S&P 500 and Nasdaq Composite gained 1.1% and 0.9%, respectively.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	35719.43	+492.40	+1.40%
SP500	S&P 500	4686.75	+95.08	+2.07%
I:COMP	NASDAQ COMPOSITE INDEX	15686.916193	+461.76	+3.03%

Commodities, West Texas Intermediate crude also rose over 4% to the $69.49 per barrel level, giving Exxon Mobil and Chevron a lift.

Inflation estimation, the National Association of Business Economists released a fresh survey signaling inflationary pressures may increase. NABE projected that the overall consumer price index will rise 6% year-over-year in the fourth quarter of 2021, compared to September's forecast of 5.1%. CPI inflation is expected to remain elevated by the end of 2022 at 2.8% year-over-year, compared to September's forecast of 2.4%.

Bitcoin -Investors are also eyeing bitcoin after a volatile weekend that saw the cryptocurrency trade below the $50,000 where it remained on Monday.

European Markets, European shares rose across the board. The STOXX Europe 600 Index gained 5.94 points or 1.28% to 468.7, The FTSE 100 Index rose 109.96 points or 1.54%to 7232.28, The DAX is up 210.81 points or 1.39% to 15380.79 and the CAC 40 Index ended up 100.26 points or 1.48% to 6865.78.

Asian stock markets bounced back from the lacklustre performance of the previous week with all the indexes ranking positive. The Nikkei 225 in Tokyo gained 1.42% to 28,860.62, the Hang Seng in Hong Kong also climbed by 0.06% to 23,996.87 and China's Shanghai Composite Index also gained 1.18% to 3,637.57. However, Asia’s inflation is lagging behind that of the U.S. and Europe, but a rise is inevitable. Long-term interest rates are stuck, we’re in a global debt trap: Morgan Stanley’s Sharma

SOURCE: CNBC
IMAGE SOURCE: PIXABAY