Home Market Market Update – December 19 – Covid outweighs Reopening

Market Update – December 19 – Covid outweighs Reopening


  • The USD Index It is currently hovering at 104.00 below the bottom, despite the recent rise in Treasury yields. Global Stock Markets were created a Start wobbly The final trading week of 2022 will be the last full trading week. There is the possibility of Interest rates With concerns about the future, the rate of inflation will rise even further in next year. China Covid Outbreak. Asian yields dippedWhile US Yields are also important – Held at the lowest levels Treasuries Continued to rise, 10yr up 3.1 bp at 3.511%. Asian stocks have remained under pressure, with concern over China’s Covid count also weighing.
  • China officially Reports its first coronavirus-related death Since the release of some of our strictest pandemic controls earlier this month.

Chinese authorities warned that there will be three waves of Covid infection in the months ahead. This warning comes as the number of cases continues to rise since the lifting of restrictions earlier in the month. The booster was only available to people over 80 years old.

  • EUR – up at 1.0640 now & GBP stuck at 1.2160-1.22 area. 
  • JPY – extends lower to 135.80Yen was the biggest gainer of today As speculation grows, it is possible that the Bank of Japan (which meets Monday and Tuesday) is looking to change its ultra-dovish stance.
  • Elon Musk asked for Twitter Users can…

Continue reading…

Previous articleCySEC extends license suspension on FTX till March
Next articleGBP/USD corrects gains, EUR/GBP remains elevated