Stocks sink on fears over new coronavirus strain | Financial Markets


Stocks, US Treasury yields and oil droughts as the new COVID-19 markets collapse.

Author Bloomberg

Stocks, Treasury oil and oil stocks plummeted Friday as the yen jumped as the new Covid-19 model found in southern Africa sent a warning to global markets.

The Asia-Pacific equity gauge system has been set to deteriorate since March, with Japan and Hong Kong not performing well and moving distances among the worst. The future of US and Europe fell and yields for 10 years Treasury yields fell by 1.56%.

The World Health Organization and scientists in South Africa are studying a recently discovered genre that is described as being very different from older versions of the Bible. The UK and Israel have banned flights from South Africa and neighboring countries. Hong Kong has confirmed two cases of the problem.

The dollar rose in 16 months, when the South African rand weakened and the currency market weakened. Nonsense 3% is all gold. U.S. markets, closed Thursday for Thanksgiving, will have an abbreviated section on Friday.

Recognition of these challenges comes on top of market concerns related to rising inflation and the prospect of a rapid exit on the volatile financial system. Global shares have risen by about 16% this year, overcoming a number of risks after investors invested nearly $ 900 billion in transactions and long-term investments in 2021 – over the past 19 years.

“It’s a dangerous headache” about the virus, so it probably caused a knee injury, says Kyle Rodda, a researcher at IG Markets Ltd. and that smaller markets make it easier for people to thrive.

Various ‘playbook’

The December futures on the Cboe Volatility Index, a reflection of the economic transformation of the S&P 500, advanced as traders prepared for turmoil when US markets reopened.

Justin Tang, chief of Asian research at United First Partners, said that “the world has already crossed the Delta River,” adding that “there is already a playbook on such events” and that change is expected and not something unknown . ”

Currently, financial experts from Goldman Sachs Group Inc. he expects the Fed to tighten its grip faster than expected, plus doubling the amount that increases bond purchases to $ 30 billion a month from January. They see a drop in interest rates from near zero in June.

In China, management has approached Didi Global Inc. executives to formulate a plan to liquidate US banks, people familiar with the matter said. This could rekindle fears about Beijing’s intentions for its major technology companies. The share of Chinese technical stocks has dropped.

China’s economy continued to decline in November as car and real estate prices plummeted as the real estate market worsened, according to Bloomberg, according to the first eight indicators.

For more on the market, read our MLIV blog.

Here are the big events this week:

  • Bank of England Governor Andrew Bailey addresses Mohamed El Erian at the Cambridge Union ceremony. Thursday
    Some of the market trends:

Shares

  • Future S&P 500 prices fell 1% from 5 am in London. The S&P 500 rose 0.2% on Wednesday
  • The future of the Nasdaq 100 fell 0.5%. The Nasdaq 100 rose 0.4% on Wednesday
  • Japan’s Topix index dropped 2.2%
  • Australia’s S&P / ASX 200 index dropped 1.7%
  • South Korea’s Kospi Index drops 1.6%
  • Hong Kong’s Hang Seng index dropped by 2.2%
  • China Shanghai Composite index idataya 0.6%
  • The future of Euro Stoxx 50 is down 2.1%

Money

  • Bloomberg Dollar Spot Index rose 0.2%
  • The euro was at $ 1.1223, up 0.1%
  • The Japanese yen was at 114.72 per dollar, up 0.6%
  • The offshore yuan was at 6.3934 per dollar, down 0.1%.

Bonds

  • US 10 Treasury yields fell 8 points to 1.56%
  • Australia’s 10-year harvest dropped by nine points to 1.78%

Sales

  • The West Texas Intermediate crude dropped 3% to $ 76.06 a barrel
  • Gold was at $ 1,797.75 per hour, up 0.5%


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