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December 8, 2021

MAJOR INDEXES

Market report as of 7th, December 2021  

 
NAME                  LAST  CHG %CHG
S&P 500                       4,686.750 95.080 2.070
NASDAQ                  15,686.92 461.76 3.030
DJIA                         35,719.43 492.40 1.400
*FTSE                      7,360.890* 20.990 0.290
*NIKKEI              28,860.62* 405.02 1.420
*HSI                  23,996.87* 13.210 0.060
*SHANGHAI          3,637.570* 42.480 1.180
VIX                           21.590000 -0.300 -1.37
*DAX                    15,800.63* -13.31 -0.08



S&P500MARKET MOVERS

TOP

FTNT
Fortinet Inc
8.629%  
NVDA
NVIDIA Corp
7.957%  
AZO
Autozone Inc
7.637%  
NOW
ServiceNow Inc
7.599%  
FANG
Diamondback Energy Inc
6.800%  

BOTTOM

CMCSA
Comcast Corp
5.291%  
CHTR
Charter Communications Inc
3.321%  
WU
Western Union Co
2.913%  
MKC
McCormick & Company Inc
2.530%  
GNRC
Generac Holdings Inc
2.253%  



SECURITIES

BONDS

NAME YIELD CHG
US 10-YR 1.4610 -0.019
US 30-YR 1.7900 -0.005
US 5-YR 1.2420 -0.014
US 2-YR 0.6830 -0.006
US 3-MO 0.0740 +0.011
BUND 10-YR -0.369 +0.005
JPN 10-YR 0.0440 -0.007
UK 10-YR 0.7470 +0.016



FUTURES & COMMODITIES

NAME LAST CHG %CHG
*OIL 71.3800 -0.670 -0.930
*NAT GAS 3.81600 +0.108 +2.910
*GOLD 1,787.2 +2.500 +0.140
*SILVER 22.487 UNCH UNCH
*WHEAT 809.50 +1.00 +0.120
*COPPER 4.3340 -0.004 -0.090



CURRENCIES

NAME LAST CHG %CHG
JPY/USD 0.8810 +0.0010 +0.09
USD INDEX 96.190 -0.1800 -0.190
USD/JPY 113.49 -0.0800 -0.070
GBP/USD 1.3240 -0.0000 -0.020
EUR/USD 1.1290 +0.002 +0.210
USD/CAD 1.2640 +0.001 +0.050
AUD/USD 0.7130 +0.002 +0.220



Analyst View
U.S. stocks rallied as investor fears over the omicron variant eased, even as rising inflation and uncertainty over the Federal Reserve's tapering plan remain top of mind. The Dow Jones Industrial Average rose 647 points or 1.9% after gaining over 750 points earlier in the session. It was the best day since March. The S&P 500 and Nasdaq Composite gained 1.1% and 0.9%, respectively.
 
Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 35719.43 +492.40 +1.40%
SP500 S&P 500 4686.75 +95.08 +2.07%
I:COMP NASDAQ COMPOSITE INDEX 15686.916193 +461.76 +3.03%

Commodities,
West Texas Intermediate crude also rose over 4% to the $69.49 per barrel level, giving Exxon Mobil and Chevron a lift. 

Inflation estimation, the National Association of Business Economists released a fresh survey signaling inflationary pressures may increase. NABE projected that the overall consumer price index will rise 6% year-over-year in the fourth quarter of 2021, compared to September's forecast of 5.1%. CPI inflation is expected to remain elevated by the end of 2022 at 2.8% year-over-year, compared to September's forecast of 2.4%. 

Bitcoin -Investors are also eyeing bitcoin after a volatile weekend that saw the cryptocurrency trade below the $50,000 where it remained on Monday. 

European Markets, European shares rose across the board. The STOXX Europe 600 Index gained 5.94 points or 1.28% to 468.7, The FTSE 100 Index rose 109.96 points or 1.54%to 7232.28, The DAX is up 210.81 points or 1.39% to 15380.79 and the CAC 40 Index ended up 100.26 points or 1.48% to 6865.78.

Asian stock markets
 bounced back from the lacklustre performance of the previous week with all the indexes ranking positive. The Nikkei 225 in Tokyo gained 1.42% to 28,860.62, the Hang Seng in Hong Kong also climbed by 0.06% to 23,996.87 and China's Shanghai Composite Index also gained 1.18% to 3,637.57. However, Asia’s inflation is lagging behind that of the U.S. and Europe, but a rise is inevitable. Long-term interest rates are stuck, we’re in a global debt trap: Morgan Stanley’s Sharma











SOURCE: CNBC
IMAGE SOURCE: PIXABAY