Global stocks buoyed by rebounding appetite for risk

* Stock stage recovery after down day for Wall Street

* U.S. stock market reverses Monday's losses

* Dollar steady

* Oil gains

By Jessica DiNapoli

NEW YORK, Dec 21 (Reuters) - Wall Street recouped losses after a bruising session the previous day, with oil prices gaining as well as investors turned to riskier assets despite surging Omicron COVID-19 cases globally.

World shares fell earlier in the week after Omicron infections multiplied around the world, but strong corporate earnings and reports that Moderna Inc's MRNA.O vaccine provides protection against the variant gave investors hope. U.S. stocks also took a hit after President Joe Biden's social-spending bill was dealt a setback.

"We think this was kind of overdue over the past couple of weeks. We’re kind of set up for a rally in time for Santa Claus, which officially begins next Monday," said Scott Brown, technical market strategist at LPL Financial.

"We think we’ve had a little bit of a washout. We saw a lot of fear rush into the market."

The Dow Jones Industrial Average .DJI rose about 0.98% to 35,275.42, while the S&P 500 .SPX gained 0.58% to 4,593.28. The Nasdaq Composite .IXIC added 0.53% to 15,060.70.

MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.76%.

Oil prices rebounded from concerns the spread of Omicron would crimp demand for fuel and signs of improving supply.

U.S. crude CLc1 recently rose 2.59% to $70.39 per barrel and Brent LCOc1 was at $73.15, up 2.28% on the day

The somber U.S. session on Monday underscored market fears that rapidly rising cases of the coronavirus variant would yet again force governments around the world to impose lockdown measures, potentially choking off fragile recoveries from similar measures earlier in the year.

Still, investors were on Tuesday cautiously optimistic that the economic hit would not be as severe this time around, buying stocks and selling perceived safe-haven currencies such as the dollar and the Japanese yen.

Yet while the widespread selling of global shares appeared to have eased, analysts still voiced caution about risks from Omicron.

"COVID remains a threat to the global economy. Initial evidence suggests the Omicron variant is more transmissible but results in less severe illness compared to previous variants," economists at CBA wrote in a note.

The U.S. Dollar Currency Index =USD was near flat on the day at 96.53 after slipping as low as 96.336 earlier in the session.

The Japanese yen weakened 0.43% versus the greenback at 114.08 per dollar.

Elsewhere, cryptocurrencies - which often offer a reliable gauge to risk sentiment - gained. Bitcoin BTC=BTSP added over 3% after trending lower in recent weeks.

World FX rates YTD Link
Global asset performance Link
Asian stock markets Link

Reporting by Jessica DiNapoli in New York; additional
reporting by Tom Wilson in London and Julie Zhu in Hong Kong;
editing by John Stonestreet, Ed Osmond and Angus MacSwan

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。