Global markets focused on warnings about Omicron after the holiday and messages from the People’s Bank of China.
After the holiday, Omicron worries and the statements of the Chinese Central Bank are effective on market pricing. The globally jumping Omicron case numbers cause moderate losses in Asia Pacific stocks. Japan’s Topix and South Korea’s Kospi started the week negatively. On the other hand, the Chinese stock markets followed a positive course with the central bank statement.
On the other hand, upside signals are coming from the American stocks, which saw record levels before the holiday. S&P 500 futures were up 0.1 percent, while Nasdaq 100 futures were up 0.3 percent. The US 10-year Treasury yield fell 1 basis point to 1.48%. Oil rises on omicron concerns and increasing demand.
Brent oil, which lost 0.9 percent in the previous trading day, is 0.6 percent higher and finds buyers at $ 76.6. In oil, market players will also monitor the possible sale of crude oil from Japan’s reserves.
