Home » Stock exchanges today 22 December: Omicron and the Biden plan keep the markets on hold

Stock exchanges today 22 December: Omicron and the Biden plan keep the markets on hold

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MILANO – 11 am The markets are moving cautiously after the recovery on the eve that followed a start to the week full of sales. The European stock exchanges restarted positive, then became contrasted without, however, showing particularly marked variations. The spread of the Omicron variant is still dictating the mood of the markets, with countries running for cover by introducing new restrictions to contain the contagion close to the Christmas holidays. The decision of the Food and Drug Administration, the US drug authority, which in recent days – according to Bloomberg – should give the green light to two oral treatments against Covid-19: Pfizer’s Paxlovid and Merck’s Molnupiravir, reserved for high-risk people who have tested positive for Covid.

Investors are also closely following the developments on the 2 trillion dollar maxi stimulus plan developed by the Biden administration for the time being rejected by the US Senate. A stop that could have strong repercussions on American growth, with Goldman Sachs which in recent days has cut its growth estimates for the third quarter from 3% to 2%.

In Europe, Milano moves close to parity. Mixed the others: London the 0.2% yields, Frankfurt grows by 0.1% e Paris 0.2%. In Asia, closing little changed for Tokyo, with the Nikkei marking + 0.16%.

Among macroeconomic data, in Great Britain gross domestic product grew in the third quarter of the year by 1.1%, below the 1.3% initially estimated by the office for national statistics. In the afternoon, instead, the updated data of US growth in the same period is expected.

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On the currency front, theeuro it is stable at the exchange rate against the dollar: at the start of the day the single currency changes hands at 1.1267 on the greenback and at 128.62 on the Japanese currency. The dollar / yen also moved little at 114.16. A slight decrease spread, 129 points from 131 at yesterday’s closing.

The prices of the Petroleum. Countries’ decision not to impose heavy restrictions supports demand for the moment: West Texas Intermediate crude futures rise 0.32% to $ 71.35 a barrel, after gaining 3.7%, while those on Brent they increased by 0.09% to 74.05 dollars a barrel after gaining 3.4% in the last session.

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