January 17, 2022

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Omikron-angst ebt weg, Wall Street op all-time high, maar energiemarkt blijft precair

Omicron’s fears are easing, Wall Street is at an all-time high, but the energy market remains unstable

Wall Street investors had a great time. It seems that the dreaded omikron virus variant is not that bad and so the financial markets are looking to go higher again. Even the S&P 500 closed at A absolutely high.

Whether that will be enough to raise the AEX index above the 800 point barrier today in this half of the trading day (Euronext closes at 14:00), remains to be seen, but from yesterday’s close at more than 792 points, it only takes a percentage. Otherwise next week some interface design It may still guarantee book closings in 2021 with an index above 800.

Some relaxation in the European energy market is most welcome and that help is on the way now and that (finally) drives the price of gas.

What this news cocktail means for the market:

* In Asia, China is once again struggling with the Corona virus
* US 10-year bond yield is close to 1.5%
* The price of a barrel of oil (Brent) is about $77
*Gold doesn’t do anything, silver shoots hard from the starting blocks
* The euro is stable at 1.13 against the dollar
*Bitcoin is back at $51,000
* European stocks are expected to open almost unchanged

News, short tips and agenda

The top ABM Financial news since the Amsterdam shutdown on Friday:

07:16 The Dutch economy is growing faster than expected
07:20 Family income is about 3% higher
07:53 Japanese inflation rises
07:53 AEX Opening Flat Expected

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advice

Volkswagen: to €250 from €240 and buy – Norddeutsche Landesbank

short positions

AFM reports the following shorts:


Bron: shortsell (December 22)

Agenda 24 Dec

00:00 Japan Consumer Price Index – December
00:00 Inflation in Japan – November
00:00 The Frankfurt Stock Exchange (Germany) is closed
05:00 Dutch Government Spending – Third Quarter
14:00 Euronext closes early for Christmas Eve
15:30 Wall Street closed on Christmas Eve

then this

Rising energy prices hurt:

Video games may not be played behind the wheel:

Brexit is still alive and kicking:

On behalf of all IEX employees, I wish you a virus-free Christmas and above all a Merry Christmas!

Martin Crum is a senior investment analyst at IEX.nl. The information in this column is not intended as professional investment advice or as a recommendation to make certain investments. Crum can take positions in the financial markets.