Stocks rise, Dollar slips amid China’s Covid-19 outbreak: Markets end

(Bloomberg) – Stocks rose on Tuesday while the dollar fell amid positive sentiment from China’s withdrawal of Covid isolation measures and cooling of a key inflation measure in the US.

Most read from ​Bloomberg

Shares in China, Japan and South Korea rose, with higher stocks of consumer goods and tourism in Tokyo and Seoul after China ended its quarantine for domestic travelers.

Futures on US and European stocks also rose, supported by data on Friday that showed the Federal Reserve’s closely watched measure to cool inflation and consumer spending. consumption stagnates.

US, Asian and global stock indexes are still down about 20% this year, their worst annual performance since 2008.

Oil rose on the prospect of demand from China as the economy reopened and as cold weather across the United States forced refineries to close.

Gold edged higher, trading above $1800/oz as the risk asset rose.

The offshore yuan edged up overnight gains as China announced that it would lift its quarantine for domestic travelers early next month. The Thai baht and the Korean won also appreciated. A measure of the dollar’s strength has fallen.

Yields on U.S. Treasuries inched lower as they continued to trade after the benchmark 10-year yield rose by the most last week since early April. It was around 3.73% on Tuesday.

Stock markets in Hong Kong and Australia remained closed on Tuesday.

This week’s main events:

  • U.S. wholesale inventories, Tuesday

  • Summary of BOJ comments on December 19-20 meeting, Wednesday

  • US Initial Jobless Claims, Thursday

  • ECB releases economic news, Thursday

Some key moves in the market:


  • S&P 500 futures rose 0.6% at 12:37 pm Tokyo time

  • Nasdaq 100 futures up 0.8%

  • Euro Stoxx 50 Futures Up 0.9%

  • Japan’s Topix index rose 0.5%

  • South Korea’s Kospi rose 0.5%

  • Shanghai Composite up 0.8%


  • Bloomberg Dollar Spot Index drops 0.2%

  • The euro was unchanged at $1.0637

  • The Japanese yen was little changed at 132.89 per dollar

  • Offshore yuan rose 0.1% to 6.9683 per dollar

  • The Australian dollar was little changed at $0.6733

electronic money

  • Bitcoin up 0.2% to $16,861.81

  • Ether rose 0.5% to $1,222.74



  • West Texas Intermediate crude rose 0.6% to $80.07 per barrel

  • Spot gold rose 0.4% to $1,804.59 an ounce

This story was made possible with support from Bloomberg Automation.

Most read from ​Bloomberg Businessweek

© 2022 Bloomberg LP


Goz News: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably.

Related Articles

Back to top button