(ABM FN-Dow Jones) European stocks are set to open higher on the first day of 2022.
IG expects an opening gain of 43 points for the German DAX, a 20 point increase for the French CAC 40 and a 12 point increase for the British FTSE 100.
The last trading day of 2021 was quiet. Germany’s DAX rose about 16 percent in 2021, while the Stoxx Europe 600 rose about 22 percent last year and the London Stock Exchange more than 14 percent.
Investors are looking at a number of risks in the new year that could derail the market. The number of coronavirus cases is increasing, forcing some companies to shorten their services and working hours due to reports of the disease.
In addition, there is concern about rising inflation, which raises the question of how much price increases consumers can handle and whether that will affect corporate profits. Finally, central banks are tightening their loose monetary policy.
In Paris, Renault took the lead on the last day of 2021 with gains of 1.5 per cent. Unibail-Rodamco-Westfield closed up 1.4 percent. Carrefour won 0.6 percent, while ArcelorMittal shares fell 0.7 percent. Danone lost 0.6 percent.
Euro Stoxx 50 4298.41 (+0.3%)
STOXX Europe 600487.83 (-0.2%)
DAX 15884.86 (+0.2% – closing position Thursday)
CAC 40 7,153.03 (-0.3%)
FTSE 100 7,384.54 (-0.3%)
SMI 12,875.66 (-0.4% – closing position Thursday)
AEX 797.93 (-0.3%)
Bill 20 4,310.15 (-0.1%)
FTSE MIB 27,346.83 (+0.01% – closing position Thursday)
IBEX 35 8713.80 (+0.5% – closing position Thursday)
US property rights
Wall Street opens in the positive on Monday, according to US futures.
US stocks closed lower on Friday. The last trading day of 2021 was a non-exciting one, after a busy year in which retail investors dumped themselves in so-called M stocks, the launch of coronavirus vaccines and low interest rates spurred overall stock markets.
These factors have led to the S&P 500 closing 70 times in the past year, more than a quarter of all trading days. “This is really the year of the economic recovery,” said Shaun Markovich, Schroders market analyst. “In 2022 I expect a slowdown in growth as the massive policy incentives in response to the pandemic have diminished,” he added.
Market analyst Chris Beauchamp expects stocks to rise further in 2022, but presumably without enthusiasm in 2021, as investors face uncertainty over the rapid spread of the Omicron variable and the prospect of higher interest rates.
Major US benchmarks have been rising steadily over the past year, setting one record after another. The Dow eventually rose about 19 percent in 2021, the S&P 500 rose 27 percent and the Nasdaq rose more than 21 percent year on year.
The EUR/USD was trading at 1.1385 on Friday evening. On an annual basis, the dollar rose about 7 percent against the European currency. Bitcoin cost around $46,000 and is up around 59 percent in 2021.
At $75.21, a barrel of West Texas Intermediate became 2.3 percent cheaper on the last day of 2021. Oil prices are up 55 percent this year, the biggest increase since 2009.
While the oil price is still falling sharply in 2020 as a result of the Corona outbreak and pressure on oil demand, West Texas Intermediate and Brent have managed to recover strongly this year. Brent rose more than 50 percent in 2021.
OPEC and its allies will meet next week to discuss the situation in the oil markets. Some analysts expect OPEC+ to increase production, although Omicron has ensured that oil-producing countries maintain existing agreements.
“If they keep their agreements, this could put pressure on oil prices,” ThinkMarkets analyst Fouad Razakzadeh said earlier this week.
Apple, Tesla and Microsoft lost up to one percent. Much of the stock’s rally in the past year has been primarily driven by the three tech companies. Apple’s value rose by about 34 percent in 2021, and the fortunes of Tesla and Microsoft increased by nearly 50 percent.
Biogen is down slightly, having lost more than 7 percent on Thursday, after Samsung Biologics revealed rumors of a possible acquisition.
Exxon Mobil shares rose 1 percent. The oil giant reported Thursday that it expects gas prices to rise to boost fourth-quarter profit by $700 million to $1.1 billion.
The Centers for Disease Control and Prevention (CDC) advises the US Health Service not to go on a cruise vacation, due to the additional risks of contracting the coronavirus. Listed cruise lines only gave up light ground yesterday. Carnival closed 1.5 percent lower, and Royal Caribbean fell to half a percent.
The Medicines and Healthcare products Regulatory Agency (MHRA) in the UK has approved Pfizer’s coronary birth control pill. According to the British regulator, paxlovid is safe and effective against hospitalization and death in people with mild to moderate corona infection. The stock gained more than one percent.
S&P 500 Index 4,766.18 (-0.3%)
Dow Jones 36.338.30 (-0.2%)
Nasdaq Composite 15,644.97 (-0.6%)
Asian stock markets that were open on Monday fell.
Nikkei 225 28791.71 (Closing Dec. 30)
Shanghai Composite 3,639.78 (Final Dec. 31)
Hang Seng 23261.68 (-0.6%)
The EUR/USD is trading at 1.1338 this morning. When US markets closed on Friday, the currency pair moved at 1.1385.
US dollar / Japanese yen 11534
EUR / USD EUR 1,1338
09:00 Industry PMI – December (NL)
09:15 Industry PMI – Dec (SPA)
09:45 Industry PMI – December (Italy)
09:50 Industry PMI – Exceeded December. (French)
09:55 Industry PMI – December exit. (German)
10:00 Industry PMI – December Final (Euro)
15:45 Markit Manufacturing PMI – December (US)
There are no items on the agenda
Pron: ABM Financial News
From Beursplein 5, Editors ABM Financial News Keep a close eye on developments on the stock exchanges, and the Amsterdam Stock Exchange in particular. The information in this column is not intended as professional investment advice or as a recommendation to make certain investments.
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