The conclusion of stock and base metals’ markets in 2021

2022-01-02T17:56:12
European markets metals Oil stock
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The conclusion of stock and base metals markets in 2021

 

The conclusion of stock and base metals’ markets in 2021:2021 is over, and the exchanges will begin the first trading day of the new year.

So, Evest outlines what happened in 2021 in the next report.

Topics

The conclusion of European markets in 2021

The conclusion of metals in 2021

Iron crude was among the biggest losers

How was the performance of the last 2021 trading days?

Oil is making gains again

 

The conclusion of European markets in 2021

The Austrian ATX index rose by about 39% in 2021, which was the best result among Western European stock markets, according to MarketWatch.

AT&S (at about 66%), as well as financial industry representatives Erste Group (also at about 66%), BAWAG Group (43%) ,
and Raiffeisen Bank International (55%), are growth leaders among the companies whose securities were included in their accounts.

On the other hand, the French CAC 40 index rose by 29.2% this year, while the Sweden OMX30 index rose by 29.1%.

They ranked second and third in Europe in terms of growth rates.

The German DAX index rose by 15.8% and the Italian FTSE MIB index rose by 23%.

The British FTSE 100 index rose to 14.6%.

This preceded the start of trading on the London Stock Exchange last Friday, but on a limited basis,
while the German and Italian stock exchanges were closed.

In the meantime, the Spanish IBEX 35 index was last on the European index list, which only added 7.9% during the year.

The composite index of the largest companies in the Stoxx Europe 600 zone rose by 22.5% during the year.

The most significant increase in price offerings among its components was illustrated ,
by stocks of Swedish laboratory equipment maker AddLife (+165%) and British watch retailer Watches of Switzerland Group (+158%). 

Stocks of the Polish online trading platform Allegro.eu (-54%) and the French information technology company Atos (-50%) recorded the strongest decline.

 

The conclusion of metals in 2021

Metals ended the year with turbulence undersupply pressures, China’s real-estate-led economic slowdown, and a global energy crisis that signaled further turbulence in the future.

Copper has hit a record high over the past year, with the Covid-19 pandemic disrupting supply and demand, but tin was the top performer as the base metal rose.

Speculators of high gold eventually became frustrated even as inflation raged,
while iron crude suffered from falling into the abyss from the above US $200 per ton to below US $100 as China’s risk appetite declined.

The features of this year’s other major drivers are already clearly visible.

The serious decline in mineral inventories is expected to continue next year – especially if the world economy continues to improve.

Beijing’s stimulus measures may minimize China’s steel problems, while the US Federal Reserve’s tightening and stubborn inflation are obstacles elsewhere.

The energy and climate agenda must dominate aluminum in particular.

Tin doesn’t usually get much attention, but it has gained the most.

Prices nearly doubled compared to the previous year, with the electronics boom fueling demand and Covid-19 disruption hampering supply.

The LMEX index of six metals traded in London is moving towards a seventh quarterly gain.

 

Iron crude was among the biggest losers

Iron crude was among the biggest losers last year, with the apparent end of China’s frenzied construction era driving down prices,
but authorities are expected to implement fiscal stimulus and monetary policies to cope with this year’s sharp slowdown.

Last month’s manufacturing data showed that the bullish momentum is intact.

Gold ended the year slightly below its level at the beginning of the year, after a difficult year in which investors switched to high-risk assets,
including energy and industrial commodities.

The Fed’s tightening threatens further obstacles.

There is a high expectation among investors that the Federal Reserve will triple interest rates this year,

with some market participants predicting rate hikes in early March.

Aluminum has risen more than 40 percent this year, and banks expect the deficit to increase next year ,
as the world’s decarbonization campaign begins to cut production worldwide.

How was the performance of the last 2021 trading days?

The major European indices rose on Thursday, excluding the British market.

The Stoxx Europe 600 index rose by 0.15% during the day, scoring 488.71 points. The DAX and CAC 40 indices rose by 0.2%, while IBEX 35 rose by 0.5%.

The FTSE MIB index gained only 0.01%.

In the meantime, At the same time, the Fotsi 100 index fell by 0.2%  from a peak of 22 months on the previous day.

In the meantime, this year’s latest statistics on the U.S. economy show an unexpected decline in the number of new applications for unemployment benefits.

According to the country’s Department of Labor,
the number of Americans who first applied for unemployment benefits fell from 8000 last week to 198000.

A week ago, the number of calls was 206 thousand, not 205 thousand, as previously reported.

Analysts predicted that the number of applications would increase by an average of 208 thousand.

Oil is making gains again

Oil prices rebounded on Thursday amid low trading activity, exacerbating volatility.

Brent crude futures for February in London rose by 0.04%, to $79.31 per barrel.

By this time, February futures prices on West Texas Intermediate crude in New York had risen by 0.37% to $76.84 per barrel.

Market pressure on Thursday resulted from data that China had reduced oil import quotas for independent refiners.

Beijing has issued permits to 42 private companies to import a total of 109 million tons of oil as part of the first tranche of 2022,
according to official figures, 11% less than the previous year.

Approximately 40% of the quota was held in three large oil refineries ,
Zhejiang Petroleum & Chemical Corp. and Hengli Petrochemical Co. and the Shenghong Group,
which is the least environmental pollutant.

Meanwhile, there are indications of a shortage of raw materials in a number of countries, including Ecuador, Libya and Nigeria, supporting the market.

United States reserves data, published last week, also showed a decline in oil reserves last week.

As reported, the United States commercial oil reserve fell by 3.58 million barrels – to 420 million barrels,
and gasoline reserves – by 1.46 million barrels, distillates – by 1.73 million barrels.

The omicron strain problem is no longer in control of the current situation, despite WHO reporting record numbers of the disease However,
French and British authorities have so far ruled out the possibility of other strict social distancing measures. 

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