Santa rally is coming to town, with shares rebounded and positive Omicron research to celebrate the last season of 2021!Updated time: 24 Jan, 2022, 13:44 (UTC+04:00)
Santa rally is coming to town, with shares rebounded and positive Omicron research to celebrate the last season of 2021!
Market cheered as many said the worst case was unlikely to happen. This put stocks, currencies (except the dollar), commodities and oil in green territory before Christmas arrived. Recent research showed that this variant seems less virulent and fatal, however, investors still favor safe-haven assets for precautions.
Japan’s Nikkei and MSCI's broadest index of Asia-Pacific shares outside Japan reached the third successive session of gains, alternatively 0.3% and 0.6%.
The U.S indexes:
S&P 500 and Nasdaq jumped over 1% while Dow Jones rose 0.74%. The U.S consumer confidence improved and resuming talks of the White House and Joe Manchin were said to lift the gains.
The greenback softened against its major peers as investors were in “risk on” mood, leading gold, silver to other precious metals to revive despite still uncertainty. The euro, the pound and the AUD slightly surged. On the other hand, oil prices turned modestly bullish aligned with optimism of the global economy.
BTH dropped a little to around $49,000 and ETH stayed around $4,000 with Christmas only three days to come, generally so far still good. Two altcoins Polygon and Terra were market stars today.