Markets
Nikkei 225
28,676.46
▼ -106.13 / -0.37%
SSE Composite
3,615.97
▼ -2.08 / -0.06%
IBOVESPA
105,051.00
▲ +159.00 / +0.15%
Straits Times
3,104.24
▼ -4.04 / -0.13%
BMV IPC
58,853.38
▲ +202.47 / +0.38%
Dow Jones
35,950.56
▲ +196.67 / +0.55%
DAX 30
15,794.72
▲ +38.41 / +0.24%
BSE SENSEX
57,420.24
▲ +295.93 / +0.52%
FTSE 100
7,372.10
▼ -1.24 / -0.02%
JSE Top 40
65,023.34
▼ -102.34 / -0.16%
Last Week’s Highlights
Happy holidays for the markets
In the middle of the holidays, Omicron worries ease up. South Africa’s National Institute of Communicable Diseases published research communicating that a patient infected by the Omicron variant is 70% to 80% less likely to be admitted to a hospital. This news came as an anticipated Christmas gift for S&P 500 holders, as it reached a record of 4,725.8. Other American indices like the Dow Jones and the Nasdaq Composite also closed the year with black numbers.
Gold shines at the end of the year
The price of gold has been stable at $1,800 per ounce during the holiday season. This is caused by the recovery of the markets and Omicron worries fading away. Spot gold went up 0.4% to $1,809.89 per ounce. Daniel Pavilonis, a senior market strategist at RJO Futures, assures that next year is going to be a good one for gold, especially due to the chances of a high inflation. In the same way, spot silver jumped 0.5%, platinum climbed 0.8%, and palladium increased 3.3%.
Coming Up This Week
New defender against the Omicron
The American company Novavax announced its booster dose for the Covid vaccine is effective against the Omicron variant. This news assures that immune responses against the virus increase by applying Novavax booster shot. In fact, the development of a new Covid vaccine focused on the Omicron variant is to be planned for 2022. After the announcement from Novavax, the price of its shares went up 4.8%. Actually, the stocks have been recovering by 64.4% since the industry’s dip of 19.5%.
Tesla faces a fierce competition
Tesla’s leadership in the EV market could be modified in the near future. The competition for the American company is stronger due to the transformation stage its market is going through. More EV units are expected to be traded in the next few years to fight carbon emissions. In fact, Nikola Corporation, one of the surging players, presented its first electric truck and announced many more to come. This increased Nikola shares by 18%. There will be no surprise if one of these emerging companies steals the leadership position of the EV market one day.
