Global markets mixed after Wall St decline, virus malaise | Nation and world

BEIJING (AP) – Global stocks and Wall Street futures were mixed on Thursday as traders tried to understand the potential impact of the latest variant of the coronavirus.

London and Frankfurt opened lower and Shanghai and Tokyo fell. Hong Kong has moved forward.

It is not clear whether omicron is more dangerous than the other variants. But governments have responded by tightening travel controls. This is fueling unease over the prospects for a global economic recovery.

On Wall Street, the future of the Dow Jones Industrial Average was up 0.6% and that of the S&P 500 index was up 0.5%. The index fell 1.2% on Wednesday despite surveys showing that hiring and factory activity in November were better than expected. Markets were already slipping when the White House announced the discovery of the first omicron package in the United States.

On Wednesday, the Dow Jones fell 1.3% and the Nasdaq fell 1.8%.

In early trading Thursday, the FTSE 100 in London was down 0.9% to 7,105.89 and the DAX in Frankfurt fell 1.4% to 15,263.35. The Parisian CAC lost 1.2% to 6,798.75.

In Asia, the Shanghai Composite Index lost less than 0.1% to 3,573.84 and the Nikkei 225 in Tokyo lost 0.6% to 27,753.37. The Hang Seng in Hong Kong rose 0.6% to 23,788.93.

The Kospi in Seoul jumped 1.6% to 2,945.27 while the S & P-ASX 200 in Sydney lost 0.2% to 7,225.20.

India’s Sensex index rose 0.8% to 58,165.65. New Zealand and Singapore fell as Jakarta advanced.

The latest data “painted a bullish picture of economic conditions, but this seems to be taking a step back as the omicron variant has the potential to change the landscape,” IG’s Yeap Jun Rong said in a report.

Investors have already been shaken after Federal Reserve Chairman Jerome Powell said the US central bank may withdraw stimulus earlier than expected amid still high inflation.

The Fed’s bond purchases pump money into the financial system, pushing up stock prices. The S & P500 has more than doubled since March 2020.

In energy markets, benchmark US crude rose 87 cents to $ 66.44 in electronic trading on the New York Mercantile Exchange. The contract fell 61 cents on Wednesday to $ 65.57. Brent crude, the standard for international oil prices, gained $ 1 to $ 69.87 a barrel in London. It lost 36 cents the previous session to $ 68.87.

The dollar gained 113.21 yen against 112.79 yen on Wednesday. The euro rose to $ 1.1323 from $ 1.1319.

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