PARIS: Stock markets rose on Monday the first trading day of 2022 after stellar returns last year as investors watch out for the coronavirus pandemic, inflation and bank rate decisions central approaching.
The CAC 40 index in Paris started with a new record, while the DAX in Frankfurt rose 0.9 per cent in the thin holiday trade around noon.
Asian markets ended mostly on the rise.
London, Tokyo, Shanghai, Sydney, Wellington and Bangkok were closed for holidays.
Global stocks enjoyed great success in 2021 as economies reopened and lives in most countries returned to a semblance of normalcy, fueling optimism that the recovery would be on track.
Markets had their ups and downs, however, as investors nervously monitored the emergence of the Omicron coronavirus variant, supply chain problems, inflation records, and the possible early withdrawal of programs. central bank stimulus to tame uncontrolled prices.
But so far they have started strong in 2022.
“While the rise in Omicron spreads may warrant a cautious approach to reopening, some expectations may be that improved vaccinations will help limit the final economic impact,” said market strategist Jun Rong Yeap of IG Asia.
France has announced a easing of Covid restrictions from Monday, and the British health minister said the slowdown was a “last resort” as governments face difficult choices between controlling the virus and maintaining open economies.
High prices are still a worldwide problem, …
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