Standard & Poor’s hit a new record and positive trading at the Asian session

2021-12-28T17:33:56
Asian session Oil positive trading Standard & Poor's
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Standard & Poor’s hit a new record and positive trading at the Asian session

Standard & Poor’s hit a new record and positive trading at the Asian session :Some markets are back in action after being closed for the Christmas holidays,
and traders are optimistic as many markets are showing good growth. 

Evest follows market developments in the following report.

Topics:

Oil rises slightly

Standard & Poor’s hit a historic high for the 69th time since the beginning of the year

US stock performance 

Stock indices in Asia show sideways growth

 

Oil rises slightly

Benchmark crude prices rose slightly in Asian trading on Tuesday, despite concerns over the spread of the new Omicron coronavirus.

The cost of Brent crude futures for February on the London Stock Exchange Futures in London,
is $78.65 per barrel, $0.05 (0.06%) higher than the closing price of the previous session.

As a result of Monday’s trading, the price of these futures jumped by $2.46 (3.2%) – to $78.6 per barrel.

The price of West Texas Intermediate crude futures for February in electronic trading ,
on the New York Mercantile Exchange (NYMEX) is $75.75 per barrel by this time,
after rising by $0.17 (0.22%) from the final value of the previous session. 

By the closing of the previous day’s trading, the value of these futures rose by $1.78 (2.4%) to $75.57 per barrel.

As became known the previous day, the daily number of corona infections in the United States exceeded that observed during the “Delta” wave.

In the meantime, the number of new cases in China has peaked since January.

Despite these alarming figures and the cancellation of thousands of flights to the United States, Americans were traveling actively over the Christmas weekend,
which is a positive sign of fuel demand.

In the meantime, a situation called backward was re-established in the Brent crude market – February futures on Monday cost about 38 cents more than March futures.
The forward futures traded last week at a discount of 10 cents on next month’s futures contract.

Standard & Poor’s hit a historic high for the 69th time since the beginning of the year

US stock indices ended Monday’s trading with a significant increase, with the Standard & Poor’s 500 hitting a record high in history ,
at the end of the session for the 69th time since the beginning of the year. 

This week in the United States is expected to be quiet and event-free – from Christmas to New Year’s Eve,
there are no planned corporate revelations or meetings with investors, and practically no macroeconomic statistics publications,
except for a number of indices on the housing market and data on Thursday’s unemployment benefit claims.

The Dow Jones Industrial Index rose by 251.82 points (0.98%) on Monday to 36302.38 points, stopping at 0.4% from its all-time high.

Growth leaders were Apple Inc. (+ 2.06%), Microsoft Inc. (+ 2.00%) and Salesforce.com Inc. (+ 1.96%), and Walt Disney Inc. showed the largest declines (-0.71%),
Boeing (-0.64%) and Caterpillar (-0.32%).

Today, the Standard & Poor’s 500 index rose by 65.40 points (1.38%) – to 4791.19.

The Nasdaq composite index rose by 217.89 points (1.39%) at the end of the session, to 15871.26 points at the close, a record value since mid-November.

In the absence of further news, investors are again focused on the situation under the coronavirus. 

US airlines, United Airlines Holding and Delta Airlines, canceled more than 3000 flights last week and rescheduled several thousand more due to the pandemic and bad weather.

By the end of Monday’s trading, they fell by 0.7% and 0.8% respectively.

 

US stock performance 

The session ended in red in the papers of cruise ship operators Carnival Corp.
and the Royal Caribbean Group, down 1.2% and 1.4% respectively.

In the meantime, the stock price of Advanced Micro Devices Inc. for microchip manufacturers and NVIDIA Corp Inc. jumped 5.6% and 4.4%.

Energy companies were also closed in the positive zone after oil prices rose.

The prices for APA Corp rose by 7.3%, Devon Energy Corp- 6.1%, and Diamondback Energy Inc. – 4.9%.

GoDaddy Inc’s stock price jumped by 8.4% after the Wall Street Journal announced that the investment firm Starboard Value LP,
acquired 6.5% of the world’s leading Internet domain record company.

Starboard is known as an active investor – after buying a stake in a company,
it often insists on including a representative on the company’s board and seeks to increase profitability and other indices.

FactSet Research Systems Inc.’s stock rose by 1.3% following news of the acquisition of CUSIP’s global services business from S&P Global Inc. for $ 1.925 billion,
and News Corp. rose by 1.1% after announcing the purchase of the essential chemicals business from IHS Markit for $ 295 million.

In the meantime, stocks of the pharmaceutical company BridgeBio Pharma Inc. declined sharply by 72% ,
after the failed results of clinical trials of the drug for cardiovascular disease (Acoramidis).

 

Stock indices in Asia show sideways growth

Stock indices in the Asia-Pacific region mostly show sideways dynamics on Tuesday morning.

Japan’s Nikkei 225 index adds just over 1%, China’s CSI 300 index grows by only 0.06%,
South Korea’s Kospi index – by 0.1% and Hong Kong’s Hang Seng Index by 0.06%.

US Standard & Poor’s futures lost 0.13% from the previous day’s closing,

indicating a potentially negative correction in the U.S. stock market on Tuesday.

 

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