London, Wednesday, 01 December 2021
Hawkish remarks from Federal Reserve Chair Jerome Powell combined with concerns around the Omicron variant and its impacts on the economy sent U.S. stocks down on Wednesday.
Meanwhile in Europe, investors seemed to absorb a set of economic data, while remaining concerned about omicron Covid variant and its impact on growth, as well as rising inflation and quicker-than-planned tapering in the U.S.by the Federal Reserve.
U.S. Stock Market Indexes
S&P 500: -53.98 (-1.18%) to 4,513.02
Nasdaq: -283.64 (-1.83%) to 15,254.05
Dow Jones: -461.65 (-1.34%) to 34,022.07
Other markets
Ten-year U.S. Treasury notes: -0.9 bps to yield 1.4340%
Dollar index: -0.44 -0.46% 95.90
VIX volatility index: +4.23 (18.42%) at 27.19
Brent crude: -$0.79 (-1.19%) to $65.39 a barrel
West Texas Intermediate: -3.15-4.50% 66.89
Gold: +$3.30 (+0.19%) to $1,779.80 per ounce
Silver: -2.6% to $22.24
Bitcoin: +203.10 (0.36%) at $57,208.50 as of Dec 1, 11:15 PM UTC
European Stock Market Indexes
STOXX Europe 600: +7.90, or 1.71%, to close at 470.86
FTSE 100 in London: +109 points, or 1.55%, to end the day at 7,168
DAX 30 in Germany: best performer of the day +372 points, or 2.47%, to finish at 15,472
CAC 40 in France: +160 points, or 2.39%, to 6,881
FTSE MIB 30 in Italy: +557 points, or 2.16%, to end the day at 26,371
IBEX 35 in Spain: +147 points, or 1.78%, to close at 8,452
(Written and edited by: The Decision Maker)