Search

U.S. Stocks Closed Higher Despite Inflation Data, European Stocks Lower


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)