Global Market Trends (7th Dec., 2021)

New York Stock Exchange President Stacey Cunningham will soon be stepping down as part of major leadership changes announced by the NYSE's parent company, Intercontinental Exchange, Inc. Lynn Martin, who is currently president of ICE's fixed income and data services, has been named as Cunningham's successor. 

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

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

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 its lacklustre performance of last week with a positive climb on Monday trading, the Nikkei 225 in Tokyo gained 1.89% to 28,455.6, the Hang Seng in Hong Kong climbed also by 2.72% to 23,983.66 and China's Shanghai Composite Index climbed by 0.16% to 3,595.09. Moving to reassure investors and keep growth from stalling, China’s central bank cut the amount of funds banks are required to keep in reserve. That freed up 1.2 trillion yuan ($190 billion) for banks to lend.