WORLD MARKETS FALL DUE TO WORSENING EPIDEMIOLOGICAL SITUATION

Posted 20 December, 2021

World stock markets on Monday are actively declining due to the worsening epidemiological situation in different countries.

American indices fell 1.5% on Friday amid investor concerns about the omicron coronavirus strain. In addition, market participants continued to evaluate the decision of the US Federal Reserve announced on Wednesday. The regulator, as expected, kept the rate, but at the same time accelerated the rollback of asset repurchases and gave a forecast of three rate hikes in 2022.

Asian exchanges on Monday lost up to 1.2% on the main index due to the expectation of new quarantine restrictions due to the spread of coronavirus in the region. The number of cases of infection with the new strain in Korea previously reached a record level, in connection with which the government imposed a number of restrictions in the country. Against this background, market participants reacted little to the fact that the National Bank of China, for the first time in a year and a half, lowered the main loan rate for first-class borrowers to 3.8% from 3.85%.

European markets continue to win back data on record price increases since 1991 in the eurozone. Annual inflation in the region accelerated in November to 4.9% from 4.1% a month earlier. Investors fear that such a rise in prices could push the ECB to tighten monetary policy. The market also drew attention to the weak statistics for Germany. The business climate index in the country in December fell to 94.7 points from the November level of 96.5 points, being worse than forecast.

Previous story

20 December, 2021 16:46

← CRYPTOCURRENCY CONTINUES TO FALL DESPITE POSITIVE FROM PARAGUAY

Major cryptocurrencies continued to lose ground on Monday after the Paraguayan Senate approved a bill that would allow registered companies to use surplus electricity to mine cryptocurrencies.
 

CRYPTOCURRENCY CONTINUES TO FALL DESPITE POSITIVE FROM PARAGUAY

Next story

20 December, 2021 16:04

INFLATION CONFIRMED AT 4.9% IN THE EURO ZONE IN NOVEMBER →

The annual inflation rate in the eurozone did indeed reach 4.9% in November after + 4.1% in October, showing final Eurostat data.

INFLATION CONFIRMED AT 4.9% IN THE EURO ZONE IN NOVEMBER
Write a comment
 
Prove you’re not a bot + 12 = 19