ĐTCK) Many bad news came, making Wall Street on Tuesday (December 22) unfavorable.
(ĐTCK) Many bad news came, making Wall Street on Tuesday (December 22) unfavorable.
US stocks lost points in trading last night as markets panicked over news of a new variant of the Covid-19 virus, and disappointing economic data overshadowed attempts to pass the bill. the long-awaited pandemic aid package in Washington.
On December 22, the US Congress voted to approve an economic aid package worth $ 892 billion after months of controversy between parties to promote economic recovery that is stalled under the weight. restrictions aimed at preventing the spread of pandemic.
However, that cannot reassure investors when Covid-19 still infects 214,000 Americans every day, the rate of rapid increase makes many hospitals forced to close and unable to receive more patients.
Meanwhile, the whole world is worried about the news about the new Covid-19 virus variant in the UK. UK Health Minister Matt Hancock has described this new virus variant as "out of control". The new variant is up to 70% more contagious than previous strains in the UK. This has led a number of countries to close their borders with Britain, impose travel bans and restrict activity during the upcoming Christmas holiday season.
In the US, New York State Governor Andrew Cuomo urged the government to take steps to prevent this variant from entering the country in the context that the United States suffered the most damage from the COVID-19 epidemic with more than 18 million cases. and more than 318,000 deaths.
Fear of the coronavirus and optimism about an economic recovery will finally create extreme volatility on Wall Street in 2020, with the S&P 500 daily gain or loss of 2% or more over 40. times a year by far, at most in more than a decade.
Regarding economic data, the final results show that US GDP in the third quarter of 2020 increased by 33.4%, higher than the forecast of 33.1%. However, the US consumer confidence in December 2020 decreased for the second consecutive month and did not meet the expectation. In addition, home sales in the US fell for the first time in six months.
At the end of December 22, the Dow Jones decreased by 200.94 points (-0.67%), down to 30,015.51 points. The S&P 500 index dropped 7.66 points (-0.21%) to 3,687.26 points. The Nasdaq Composite rose 65.40 points (+ 0.51%) to 12,807.92 points.
European stocks saw their best six-week session on Tuesday, rebounding from a strong sell-off thanks to Brexit optimism and a US stimulus package that eased fears of a viral variant. Covid-19 is new in the UK.
A few days before the deadline for Britain to leave the bloc, the European Union (EU) is giving "the last push" in its effort to reach a Brexit trade agreement with the UK, and the two sides are looking for a common voice. on the fishing agreement, the bottleneck in negotiations, said the head of the EU's negotiating delegation.
At the end of the 22nd session, the FTSE 100 index increased by 36.84 points (+ 0.57%) to 6,453.16 points. The DAX index in Germany increased 171.81 points (+ 1.31%) to 13,418.11 points. The CAC40 index in France increased by 73.52 points (+ 1.36%) to 5,466.86 points.
Asian stocks were engulfed in red in Tuesday's trading session. Japanese stocks had the strongest drop in three weeks, when profit-taking pressure increased after fears of a new strain of Covid-19 in the UK that spread rapidly.
Chinese stocks had the deepest drop in nearly 4 months, due to prolonged tensions with the US and a new strain of virus in the UK also affected market sentiment.
At the end of December 22, the Nikkei 225 in Japan decreased by 278.03 points (-1.04%) to 26,436.39 points. The Shanghai Composite Index in Shanghai fell 63.79 points (-1.86%) to 3,356.78 points. The Hang Seng index in Hong Kong fell 187.43 points (-0.71%) to 26,119.25 points. The KOSPI in Seoul fell 44.97 points (-1.62%) to 2,733.68 points.
Gold prices fell in the trading session on Tuesday before the pressure of short-term profit-taking in the precious metal market after the previous rising week. At the same time, a stronger dollar also made gold prices go negative.
At the end of the 22nd session, the spot gold price dropped by 17.20 USD (-0.92%), down to 1,859.50 USD / ounce. Gold futures for delivery in February decreased by 12.50 USD (-0.66%), down to 1,870.30 USD / ounce.
Oil prices fell in Tuesday's trading session amid a new variant of the Covid-19 virus in the UK that is threatening a global economic recovery.
At the end of 12/22 session, WTI crude oil futures price dropped by 0.95 USD (-2%), down to 47.25 USD / barrel. Brent crude oil price decreased 0.84 USD (-1.6%), to 50.08 USD / barrel.