London, Friday, 10 December 2021
U.S. stocks closed higher on Friday, despite inflation fastest pace in 39 years, while in Europe, high inflation concerns and economic slowdown worries among investors, sent the market lower.
In November, according to Destatis, the Federal Statistical Office of Germany, the annual inflation rate in the country, stood at its highest rate since 1992, at 5.2%.
Meanwhile, in the U.K., the economy grew narrowly by an estimated 0.1%. According the Office for National Statistics (ONS), the U.K. economy is 0.5% below the pre-pandemic level of February 2020.
U.S. Stock Market Indexes
S&P 500: +44.60 (+0.96%) to 4,712.05
Nasdaq: +113.23 (+0.73%) to 15,630.60
Dow Jones: +217.29 (+0.61%) to 35,971.98
European Stock Market Indexes
STOXX Europe 600: -1.43, or 0.3%, to 475.56 points
FTSE 100 in London: -29 points, or 0.4%, to end at 7,291
DAX 30 in Germany: -16 points, or 0.1%, to 15,623
CAC 40 in France: -16 points, or 0.24%, to 6,991
FTSE MIB 30 in Italy: -95 points, or 0.36%, to end the day at 26,721
IBEX 35 in Spain: worst performer of the day, -39 points, or 0.47%, to close at 8,360
Other markets
Ten-year U.S. Treasury notes: +0.2 bps to yield 1.4890%
Dollar index: -0.22 -0.23% at 96.05 as of Dec 10, 2021 4:59 p.m. EST
VIX volatility index: −2.89 (13.39%) at $18.69 as of Dec 10, 3:15 PM CST
Oil prices
Brent crude: -1.40 or -1.88% at $74.42 per barrel
West Texas Intermediate: -1.42 or -2% per barrel $70.94
Precious metals
Gold: +6.89 or +0.39% at $1,783.14
Silver: +0.20 or +0.89% at $22.18
Cryptocurrencies
Bitcoin: +235.70 (0.49%) at 48,060.00 as of Dec 10, 10:20 PM UTC
Etherum: −135.52 (3.27%) at 4,003.39 as of Dec 10, 10:20 PM UTC
(Written and edited by: The Decision Maker)