Monday, January 24, 2022
More

    Latest Posts

    US inflation, Covid omicron case, currency

    Singapore — Thursday’s Japanese market was set to fall after Wall Street rose, despite the fierce inflation reports that set market expectations for a rate hike. Meanwhile, Covid’s concerns have refocused as the World Health Organization warned: The case of Omicron is “off the chart”.

    The Nikkei futures contract in Chicago was 28,675 and the futures contract in Osaka was 28,650.Compared to that Nikkei 225 The final closing price is 28,765.66.

    However, Australia’s ASX 200 rose 0.35% in early trading.

    In terms of revenue, Taiwan TSMC It is set to report the results of the fourth quarter on Thursday.

    Investors are looking to develop Covid as the World Health Organization reports 15 million new Covid-19 cases worldwide in a week. This is because Omicron has rapidly replaced Delta as a major variant of the world.

    Focus on bright red inflation

    Wednesday data Inflation in the United States rose 7% in December, the highest since 1982.However Stocks rose Despite that report.

    The S & P 500 was up about 0.28% to 4,726.35 and the Nasdaq Composite was up 0.23% to 15,188.39, marking the third consecutive positive day. The Dow Jones Industrial Average, which fluctuated between moderate rises and falls throughout the session, ended at 36,290.32 with a rise of 38.3 points (0.11%).

    Stock Selection and Investment Trends from CNBC Pro:

    Inflation data is in the midst of rising prices in recent months, preparing for a case of rate hikes, ANZ Research analysts Brian Martin & Daniel Hines said in a note on Thursday. Said that.

    “The US consumer price index reached 7.0% year-on-year in December and is likely to be in the 7-8% range for several months. From March onwards, the need for a rate hike by the FRB will increase,” he said. rice field. “Controlling inflation is the Fed’s top priority in 2022.”

    currency

    The US dollar indexTracking greenbacks against baskets from other companies in the same industry, is 94.988, which continues to decline from over 95 levels last week.

    The Japanese yen It traded at 114.64 per dollar as it was strengthened from over 115 levels in the previous session.The Australian dollar It has risen to $ 0.7284.

    US inflation, Covid omicron case, currency

    Source link US inflation, Covid omicron case, currency

    The post US inflation, Covid omicron case, currency appeared first on Eminetra.

    Latest Posts

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.