- Investors are concerned about the impact of increasing interest rates and the fast-spreading omicron virus type. Stocks and futures fell on Friday as a result of a decline in global technology shares.
- The NASDAQ 100 led a loss in US stocks, while technology stocks were among the worst performers in Europe and Asia. Investors were also anticipating a quarterly rebalancing of the S&P 500 index following the market closure, as well as the so-called triple witching expiration of equity futures, which might accentuate market movements.
- Central banks around the world are tightening monetary policy to combat rising inflation, while simultaneously keeping an eye on the impact of omicron. Investors are wondering if global markets are ready for a rougher patch after nearly doubling from pandemic lows.
- The 10-Year Treasury yield remained unchanged, as did the value of the dollar. The lira fell to an all-time low in Turkey. Oil prices fell for the first time in three days, while European natural gas prices plummeted from a record high as Russia topped up supply to the region at the last minute.
- German Economy Ministry Spokesperson on Nord Stream 2: No gas can flow in January. Permission must be given first.
- ECB: Will not prolong liquidity support, including for banks, beyond December 2021.
- Due to worries about data security and capital outflows, Chinese officials are planning to prohibit online brokerages from selling offshore trading services to mainland clients. - Sources
- BoE's Pill: It seems the right moment to withdraw emergency stimulus.
- China Evergrande Group's rating is downgraded to SD from CC by S&P.
- Bundesbank: Inflation in Germany is expected to reach 3.6% in 2022, up from 1.8% in June.