Stock exchanges close to records again. Oil with new dangers

Optimism has returned to stock exchanges around the world, which may translate into increased purchases of company shares. American stocks, and thus also the main stock indices, continued their gains yesterday. This could be due to the fading fears about the impact of the omicron mutation on the economy and, possibly, additional restrictions. Thanks to this, the specter of another lockdown may be receding, and restrictions in air transport may turn out to be short-lived.

Green on trading floors in the US and Europe

In this environment, the Nasdaq surged 3% as tech stocks rebounded from last week's selloff. S&P 500 index jumped 2,1 percent and the Dow Jones increased by 1,4 percent. It was the best day for the S&P 500 since March 1, and for Nasdaq from March 9. As a result, the S&P 500 index returned to 4700 points, the Nasdaq 100 to 16390 and the DJIA to 35800 points.

Strong increases could also be observed on European stock exchanges. The main stock indices in Europe recorded increases of more than 2% on Tuesday, with the exception of the FTSE 100, which increased by 1,5%.

On the data front: German investor morale in December fell less than expected, and October's industrial activity rose at the strongest pace in a year, while GDP growth in the euro area remained unchanged at 2,2%. in the third quarter.

Oil has gone up, but shadows are emerging

Petroleum it also strengthened its rebound from last week's 14-week low to above $ 72 a barrel, which may have pushed energy stocks up.

In this market, however, a new threat and risk of increased volatility and uncertainty may arise. While Brent crude oil is trading above $ 75 a barrel this morning, the market may begin to focus on nuclear talks in Iran.

It is also not without significance that the tension between Moscow and Kiev has increased. US President Joe Biden warned Russian President Vladimir Putin that he may face severe economic sanctions from the West, including a gas pipeline disruption Nord Stream 2 to Europe if Russia attacks Ukraine.