Bangkok — Shares in Europe and Asia have risen most of the time after widespread rebounds on Wall Street as investors waited for US employment and other data scheduled for Friday.
Concerns remained about the spread of the new coronavirus variant and the steps the government was taking to control it, but the symptoms were mild and the vaccine appeared to protect against serious illness. Seems to have been relieved by.
Germany’s DAX rose 0.7% to 15,361.76. The CAC 40 in Paris rose 0.5% to 6,831.75, and the FTSE 100 in the UK rose 0.3% to 7,147.30.
The future of the 30 Dow Jones Industrial Averages rose 0.3%, while the future of the S & P 500 rose 0.1%.
Didi Global Inc., a Chinese ride-hailing service, announced on Friday that it would withdraw from the New York Stock Exchange and move its listing to Hong Kong to give the ruling Communist Party more control over its tech industry.
The Securities and Exchange Commission has moved to require US-listed foreign equities such as Diddy to disclose their ownership structure and audit reports. This may lead to some delisting.
In another blow to China’s troubled real estate sector, Hong Kong-traded developer Kaisa Group holds the necessary approvals to extend the $ 400 million maturity of 6.5% offshore bonds. He said he couldn’t get it from him. At the same interest rate, I was hoping that the new banknote would expire on June 6, 2023.
The purpose is to relieve financial pressure and increase the risk of default if the plan is not implemented.
In Asian trade, Hong Kong’s Hang Seng Bank fell 0.1% to 23,766.69 and Tokyo’s Nikkei 225 rose 1% to 29,029.57. In Seoul, the Kospi rose 0.8% to 2,968.33. Sydney’s S & P / ASX 200 rose 0.2% to 7,241.20. The Shanghai Composite Index rose 0.9% to 3,607.43.
Southeast Asia’s largest ride-hailing service company, Grab, fell 20.5% on Thursday’s market debut following a $ 40 billion merger with a special acquisition company.
The S & P 500 rose 1.4% on Thursday to 4,577.10, the highest rise since mid-October. The Dow rose 1.8% to 34,639.79. Nasdaq was up 0.8% to 15,381.32, but was curbed by Apple’s fall of 0.6%.
Russell 2000 rose 2.7% to 2,206.33.
Oanda’s Craig Erlam commented that recent rebounds could turn out to be short-lived.
“Early signs are not promising given the increasing number of cases in South Africa and the fact that Omicron has already emerged in many other countries,” Erlam said. Investors may be hoping for positive news about the effectiveness of vaccines against new strains and wanting to take advantage of these levels before it’s too late. If they don’t receive the news they want. , We can see another sharp decline. “
This rally is when investors try to measure the damage of the Omicron variant of COVID-19 and take steps taken by the United States and other governments to curb it as it may have on the economy. It happens to.
Countries impose barriers to travel and strict restrictions on businesses and people. Concerns over global regulation, which could weigh on economic growth, have added to concerns over rising inflation, and the Fed has begun to consider withdrawing stimulus measures sooner than expected.
Yields on 10-year government bonds were stable at 1.44%.
US crude oil prices are boosted by steady and modest monthly increases in oil releases, despite OPEC and its allies’ oil-producing countries adding uncertainty to the global economic recovery from the pandemic. It rose after deciding to stick to plans to increase. An energy company has taken root. Chevron rose 2.7%.
US benchmark crude rose 2.12 cents per barrel to $ 68.62 in electronic trading on the New York Mercantile Exchange. Brent crude, the international oil price standard, rose 2.25 cents to $ 71.92 per barrel.
The US dollar rose from 113.06 yen late Thursday to 113.41 yen. The euro fell from $ 1.1300 to $ 1.1297.
By Elaine Kurtenbach