London, Wednesday, 15 December 2021
US stocks steeply up as investors reacted to the Federal Reserve’s decision to speed up the pace of tapering. The Fed’s asset purchasing programme will decrease to $30 billion per month from $120 billion previously, in combined Treasuries and agency mortgage-backed securities from the start of the pandemic through November.
Meanwhile, European markets were mostly up with the exception of UK and Spain. In the UK, annual inflation increased 5.1% in November, while month-on-month consumer prices increased 0.7% and average petrol prices at record highs.
U.S. Stock Market Indexes
S&P 500: +75.77 (+1.64%) to 4,709.86
Nasdaq: +327.94 (+2.15%) to 15,565.58
Dow Jones: +383.38 (+1.08%) to 35,927.56
European Stock Market Indexes
STOXX Europe 600: +1.2, or 0.26%, to 470.76 points
FTSE 100 in London: -47 points, or 0.66%, to end at 7,170
DAX 30 in Germany: +22 points, or 0.15%, to close at 15,476
CAC 40 in France: the best performer of the day,+32 points, or 0.47%, to 6,927
FTSE MIB 30 in Italy:+109 points, or 0.41%, to end the day at 26,666
IBEX 35 in Spain: +103 points, or 1.24%, to finish at 8,275
Other markets
Ten-year U.S. Treasury notes: +2.5 bps to yield 1.4630%
Dollar index: -0.23 or -0.24% at $96.34 as of Dec 15, 2021 at 4:38 p.m. EST
VIX volatility index: −2.60 (11.88%) at 19.29 as of Dec 15, 3:15 PM CST
Oil prices
Brent crude: +0.76 (+1.03%) at $74.46
West Texas Intermediate: +0.76 or 1.07% at $71.49 as of Dec 15, 2021 at 4:43 p.m. EST
Precious metals
Gold: +4.86 or +0.27% at $1,777.31 an ounce
Silver: +0.12 or +0.56% at $22.09 an ounce
Cryptocurrencies
Bitcoin: +835.10 (1.73%) at $49,190.80 as of Dec 15, 10:00 PM UTC
Etherum: +201.79 (5.23%) at $4,062.37 as of Dec 15, 10:04 PM UTC
(Written and edited by: The Decision Maker)
