Jump to content

European Equities Slump on Renewed Omicron Fears, Risk Assets Shunned


MongiIG

Recommended Posts

  • The number of Omicron cases in the US doubled between Friday and Saturday last week.
  • Risk assets across the board continue to fall.
European shares fall again on Omicron worries

The number of confirmed Omicron cases is doubling every 1.5 to 3 days, according to the World Health Organization (WHO) with the covid-19 variant now identified in 89 countries. And according to NIAID director Dr. Anthony Fauci, the US is likely to see record case numbers, hospitalizations, and deaths from Omicron. The latest surge in transmissions is likely to see more countries re-impose lockdown measures following in the footsteps of the Netherlands who announced a nationwide lockdown over the weekend. France and Austria have announced a range of travel restrictions, Denmark has closed theatres and concert venues, while Ireland has announced that bars and pubs must close by 8pm.

DAX 40 Hit by NASDAQ 100 Slump, German IFO Warns of Growing Pessimism

Global equity markets have opened the week deep in the red, extending recent losses. In the UK, airlines and hospitability stocks are under heavy pressure, while oil stocks turn sharply lower on the weaker oil price. The FTSE 350 travel and leisure index is down close to 3%, while the FTSE 350 Oil and Gas Producers index is 3.2% lower in early turnover.

European Equities Slump on Renewed Omicron Fears, Risk Assets Shunned

Risk assets across the board also fell early Monday with both Brent and US oil down around 4.0%, while cryptocurrencies continue to push lower with Bitcoin (BTC) trading around $46.5k and Ether (ETH) just over $3,800. In contrast, the VIX fear index is quoted 10% higher at a new two-week high.

European Equities Slump on Renewed Omicron Fears, Risk Assets Shunned

How to Short Sell a Stock When Trading Falling Markets

What is your view on Equities – bullish or bearish?

 

By Nick Cawley, Strategist, 20th December 2021. DailyFX

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • I believe DOG, as a memecoin is already quite popular and making a buzz. But as to your question, there are always new entries into the crypto space and when a reputable CEX like Bitget list it, it will substantially expose it to new communities and potential investors...    So all in all, I believe it will be good for DOG and it's future prospects! 
    • Sometimes ago, there was a CEX offering something similar but it was for new users and I even got to know about it a bit too late so I just didn't bother.   I think it's always great to see a CEX like Bitget offering this kinda promo for both new and existing users...    Thanks OP for the early heads up 👍
    • I saw Taiko on my TL yesterday but I didn't particularly pay much attention to it... But it seem they are on a good path and have forged some reputable partnerships along the way...  I have to say it's association with big guns of the industry like OKX, Kucoin etc makes it a good prospect and if you can get some of the coins early in the Bitget Pre-Market trading as you said, it will probably be a good investment in a long run! 
×
×
  • Create New...
us