Jump to content

European markets slightly lower as investors monitor omicron developments


MongiIG

Recommended Posts

image.png

image.png

LONDON — European markets are set to open slightly lower in what’s likely to be a thin trading session on Christmas Eve, with traders keeping a watchful eye on the latest developments around the omicron Covid variant.

image.png

Britain’s FTSE 100 is seen losing 19 points at 7,362, Germany’s DAX down 1 point at 15,749 and France’s CAC off by 9 points at 7,102, according to IG index data. Markets in Italy and Switzerland are closed, while the London trading session will end early at 12.30 p.m. GMT.
 

Market players are juggling concerns over coronavirus restrictions and tighter central bank policy with signs that the heavily mutated omicron strain of the virus is milder than earlier variants like delta. CNBC

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
  • General Statistics

    • Total Topics
      23,043
    • Total Posts
      95,436
    • Total Members
      43,657
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    qusaiz
    Joined 30/09/23 18:13
  • Posts

    • Sorry, I didn't get it... What's Dual investment? 
    • The crypto market appears to be showing signs of recovery, with significant improvements in the Sharpe Ratios of Bitcoin, BGB, and Ethereum, according to an article published on Friday.  The Sharpe Ratio, a measure used to understand the return of an investment compared to its risk, has seen a notable increase for both cryptocurrencies. Bitcoin's Sharpe Ratio has risen from -2.4 to 0.68, while Ethereum and BGB have also experienced a similar uptrend. This change signifies higher returns at lower risk, which is expected to attract more investors to the crypto market. In addition to the improved Sharpe Ratios, increased network activity and trading volume as shown on CEXs like Bitget, Binance, and a few DEXs are suggesting a healthier market state. The current trading prices of Bitcoin, reflect this overall positive market sentiment. As of Friday, Bitcoin was trading at $27,069.73, BGB at $0.454 and Ethereum at $1,677.89. These developments are significant as they indicate reduced risk in the crypto market. The increase in the Sharpe Ratios for Bitcoin, BGB, and Ethereum suggests that these cryptocurrencies are becoming less risky investments, which could potentially lead to an influx of new investors into the market.  Could this rise in Sharpe Ratios coupled with increased network activity and trading volume point towards a recovering and less risky crypto market?
    • Hi, That's great, thank you very much. Very helpful! Many thanks.
×
×
  • Create New...
us