London, Monday, 10 January 2022 -
US Markets summary
The S&P 500 recovered its losses to end the day flat, despite increased expectations for the Federal Reserve to tighten monetary policy at a faster pace.
The Dow Jones Industrial Average dropped 0.5 percent, or 163 points, while the S&P 500 declined 0.1 percent. The Nasdaq finished 0.05 percent higher, reversing an intraday loss of 2.7 percent.
European Markets summary
Concerns over a faster-than-expected rate hike, increasing inflation, and fast-spreading Omicron sent European stocks lower on Monday, extending their first weekly drop in three weeks last Friday. Technology led the way down with a 2.3 percent drop, while banks benefited from anticipation of tighter monetary policy. In corporate news, Atos, a French consulting and technology corporation, fell 16.8% after announcing that it will fail its annual profit forecasts.
On the statistical front, the unemployment rate in the Eurozone fell to 7.2 percent in November, down from 7.3 percent the month before, while investor sentiment in the bloc rose in January. Investors are looking forward to the release of the US inflation report on Wednesday, which is likely to reveal the greatest increase in consumer prices in nearly four decades, prompting the Federal Reserve to raise rates in March.
U.S. Stock Market Indexes
S&P 500 futures: +1.50 points (+0.03%), to 4,663.75
Nasdaq future: +6.25 points (+0.04%) to 15,614.25
Dow futures: -6.00 points (-0.02%), to 35,946.00
European Stock Market Indexes
STOXX Europe 600: −7.21 (1.48%) at 479.04 as at Jan 10, 6:00 PM GMT+1
FTSE 100 in London: −40.03 (0.53%) at 7,445.25 as at Jan 10, 4:35 PM GMT
DAX 30 in Germany: −179.47 (1.13%) at 15,768.27 as at Jan 10, 5:55 PM GMT+1
CAC 40 in France: −103.71 (1.44%) at 7,115.77 as at Jan 10, 6:05 PM GMT+1
FTSE MIB 30 in Italy: −264.76 (0.96%) at 27,353.71 as at Jan 10, 5:36 PM GMT+1
IBEX 35 in Spain: −44.90 (0.51%) at 8,706.90 as at Jan 10, 5:38 PM GMT+1
Other markets
Ten-year U.S. Treasury note: unchanged to yield 1.78%
Dollar index: -0.07 or -0.08% at 95.92 as at an 10, 2022 at 7:50 p.m. EST
VIX volatility index: +0.64 (3.41%) at 19.40 as at Jan 10, 3:15 PM CST
Oil prices
Brent crude: 0.13 or 0.16% at $81.00 per barrel at Jan 10, 2022 10:59 p.m. GMT
West Texas Intermediate: 0.34 or 0.43% at $78.58 per barrel as at Jan 10, 2022 at 7:54 p.m. EST
Precious metals
Gold: +8.14 or +0.45% at $1,803.49 an ounce
Silver: +0.14 or +0.61% at $22.49
Cryptocurrencies
Bitcoin: −155.20 (0.37%) at $41,667.70 as at Jan 11, 1:04 AM UTC
Ethereum: −23.92 (0.78%) at $3,059.59 as at Jan 11, 1:04 AM UTC
(Written and edited by: The Decision Maker)
