NEW YORK (dpa-AFX) – A slightly positive start is emerging on the US stock exchanges on the Thursday before New Year’s Eve. The broker IG estimated the Dow Jones Industrial (Dow Jones 30 Industrial) just under an hour before the start of trading with plus 0.17 percent to 36,551 points. This means that the leading index is only a few points below its record from the previous day, although trading remains thin. The technology-heavy NASDAQ 100 and the market-wide S&P 500 are expected to grow at a similarly high percentage on Thursday.
In New York it is the penultimate trading day of an extremely successful stock market year. Investors are counting on the fact that, despite the increasing number of infections, the Omikron variant of the coronavirus will not have a lasting impact on the economy. This Friday (December 31st) the US stock exchanges are open.
The numbers for the weekly initial jobless claims were published before the start of trading on Thursday. They turned out better than economists expected. According to the analyst Jeffrey Halley from the dealer Oanda, they should ensure an even more positive mood in the market. A few minutes after the stock market starts, the Chicago purchasing managers’ index follows.
Market participants will also pay attention to the phone call scheduled for Thursday between US President Joe Biden and Vladimir Putin on the subject of Ukraine. In the event of further military intervention in Ukraine, Biden wants to threaten the Russian head of state with tough sanctions. A senior White House representative said that Biden would campaign for a diplomatic solution in the conversation, but also emphasize the willingness to take tough punitive measures.
The Russia-Ukraine conflict is also seen as a key geopolitical risk in the first few weeks of 2022. It should soon become clear whether the conflict can be resolved at the green table or whether there is a threat of further escalation, wrote capital market strategist Jürgen Molnar from trading house Robomarkets. The latter should also put the stock markets in severe turbulence, according to the expert.
Semiconductor stocks could come under pressure on the penultimate trading day in New York. The reason are statements by the Micron Technology group, according to which the ongoing lockdown in the Chinese metropolis Xi? An could affect its semiconductor production. A dealer said the region accounts for around ten percent of the world’s production capacity for so-called NAND chips.
The Micron shares fell by around one and a half percent in the pre-trading period. The day before, they had risen sharply and scratched the annual high from April, which is just below the record high from 2000. The stocks jumped significantly a few days before Christmas because Micron had given an optimistic outlook due to high demand for chips.
Biogen (Biogen) fell by almost seven percent after the electronics company Samsung denied a report in the “Korea Economic Daily” on talks about a takeover of the US biotech company. The day before, after speculation about the takeover, Biogen had jumped 9.5 percent.
The shares of the driving service brokers Uber and Lyft were quoted moderately weaker in the pre-trading period. They might be worth a look after the latest quarterly figures from Chinese counterparty Didi (DiDi Global A). Didi reported a net loss of $ 4.7 billion. The domestic mobility business in particular is said to be responsible for the drastic slump. Compared to the previous quarter, total sales fell by almost 13 percent. At the beginning of December, Didi announced that he was planning to withdraw from the New York Stock Exchange and aim for a listing in Hong Kong in 2022./ajx/jha/
–
TRADE FOREIGN EXCHANGE WITH UP TO LEVER 30 NOW
Trade forex with high leverage and small spreads. With only € 100.00 you can benefit from the effect of € 3,000 in capital.
–
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford the high risk of losing your money.
–
– .
