Home » today » Business » Stock and oil prices are rising, natural gas prices are reaching records

Stock and oil prices are rising, natural gas prices are reaching records

Stock and oil prices ASV a European stock markets rose on Tuesday after a fall on Monday caused by investors’ fears about the spread of the Covid-19 omicron variant. Natural gas prices hit records and heightened concerns about global inflation.

Content will continue after the ad

Advertising

Investors continued to worry about the type of omicron and measures to limit it during the Christmas and New Year holidays.

Gas prices rose to all-time highs, fueled by rising demand in the winter and geopolitical tensions between gas supplier Russia and gas-consuming countries.

“Market participants may be on holiday, but this does not affect the market, where we continue to see great volatility towards the end of the year,” said Cairo Erlam, an analyst at OANDA.

“It’s natural that the omicron and all the news associated with it play a huge role, not to mention last week [centrālo banku] decisions on interest rates and the political circus in Washington, “he added.

The U.S. Dow Jones Industrial Average rose 1.6% to 35,492.70 points on Tuesday, the Standard & Poor’s 500 rose 1.8% to 4,649.23 points, and the indexNasdaq Composite “increased by 2.4% to 15,341.09 points.

The London Stock Exchange index FTSE 100 rose 1.4% to 7297.41 points on Tuesday, the Frankfurt stock exchange index DAX 30 rose 1.4% to 15,447.44 points, and the Paris stock exchange index CAC 40 rose 1.4% to 6964 , 99 points.

In the New York Stock Exchange, the price of WTI crude oil rose 4.5% to $ 71.12 a barrel on Tuesday. The price of Brent crude oil rose 3.4% to $ 73.98 a barrel on the London Stock Exchange.

The euro rose from 1.1279 to 1.1284 dollars per euro on Tuesday, the British pound rose from 1.3207 to 1.3265 dollars per dollar, and the US dollar rose from 113.61 against the Japanese yen. to 114.09 yen per dollar. The euro fell from 85.40 to 85.04 pence per euro against the British pound.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.