LONDON, Jan 4 — World shares extended today their positive start to 2022 with markets from Europe to Asia shrugging off worries the Omicron coronavirus variant could choke the global economic recovery, while the dollar rose after US bond yields jumped.
“The chief reason behind the return of investor confidence is Omicron,” said Jeffrey Halley, an analyst at Oanda. The US dollar rose to its highest since 2017 against the Japanese yen after US Treasury yields jumped on Monday as traders bet on an early Federal Reserve interest rate hike to tame fast-rising inflation.In a sign that economies may weather the spread of Omicron, factory activity in Asia grew in December, suggesting the direct hit from the variant on output appeared subdued.
Major Wall Street indexes closed at record highs yesterday, with Apple Inc becoming the first company to reach a US$3 trillion market value.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street downplays worries in wishful start to 2022 | Malay MailBOSTON, Jan 4 ― Wall Street's New Year optimism overpowered concerns about the coronavirus and inflation yesterday, with US and European equity markets advancing in parallel with rising oil prices and US Treasury yields. The Dow Jones Industrial Average rose 246.76 points, or 0.68 per cent, to... The black flags that will support the Mahdi will come from Pakistan. In April 2015,Messenger of God pbuh in a vision explaining to Muhammad Qasim, where the black flags would come from. Learn more at - or search 'Muhammad Qasim Dreams'
Source: malaymail - 🏆 1. / 86 Read more »
Asian stocks track Wall Street higher in upbeat start to 2022 | Malay MailHONG KONG, Jan 4 ― Asian stocks were firmer today following Wall Street's record highs on its first trading day of 2022, despite worries that the widespread Omicron Covid-19 variant could put the brakes on global economic recovery. MSCI's gauge of Asia Pacific stocks outside Japan was up 0.67 per... Except for Bolehland
Source: malaymail - 🏆 1. / 86 Read more »
Socio-Economic Research Centre: A better year in 2022 for Malaysian economy | Malay MailKUALA LUMPUR, Jan 4 — After two years of fighting the Covid-19 pandemic, the Malaysian economy is coming out of its economic trough in 3Q 2021 and is on the path to recovery in 2022, Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said. Lee said this is supported by the...
Source: malaymail - 🏆 1. / 86 Read more »
Bursa starts 2022 on weak note as Omicron fears persist | Malay MailKUALA LUMPUR, Jan 3 — Bursa Malaysia kicked off 2022 on a weak note, as market sentiment was clouded by the latest development pertinent to Omicron amid profit-taking following its recent gains. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 17.77 points to 1,549.76...
Source: malaymail - 🏆 1. / 86 Read more »
Moody’s: Malaysia’s 2022 exports outlook positive | Malay MailKUALA LUMPUR, Jan 3 — Malaysia’s export sector outlook is expected to be positive in 2022, with trade primed to lead the country returning to the pre-pandemic growth in the middle of the year, Moody’s Analytics said. However, it said the Omicron variant and extreme weather may pose a risk to...
Source: malaymail - 🏆 1. / 86 Read more »
European stocks kick off 2022 at record highs | Malay MailNEW YORK, Jan 3 — European shares hit all-time highs today, starting the year in an upbeat mood on hopes of steady economic recovery despite soaring cases of the Omicron coronavirus variant. The pan-European STOXX 600 index was up 0.6 per cent at 490.76 points, as of 0821 GMT, surpassing its...
Source: malaymail - 🏆 1. / 86 Read more »