US Stock Markets Flat on Monday, European Stocks End Lower

London, Monday, 10 January 2022 -

US Markets summary

The S&P 500 recovered its losses to end the day flat, despite increased expectations for the Federal Reserve to tighten monetary policy at a faster pace.

The Dow Jones Industrial Average dropped 0.5 percent, or 163 points, while the S&P 500 declined 0.1 percent. The Nasdaq finished 0.05 percent higher, reversing an intraday loss of 2.7 percent.

European Markets summary

Concerns over a faster-than-expected rate hike, increasing inflation, and fast-spreading Omicron sent European stocks lower on Monday, extending their first weekly drop in three weeks last Friday. Technology led the way down with a 2.3 percent drop, while banks benefited from anticipation of tighter monetary policy. In corporate news, Atos, a French consulting and technology corporation, fell 16.8% after announcing that it will fail its annual profit forecasts.

On the statistical front, the unemployment rate in the Eurozone fell to 7.2 percent in November, down from 7.3 percent the month before, while investor sentiment in the bloc rose in January. Investors are looking forward to the release of the US inflation report on Wednesday, which is likely to reveal the greatest increase in consumer prices in nearly four decades, prompting the Federal Reserve to raise rates in March.

U.S. Stock Market Indexes

• S&P 500 futures: +1.50 points (+0.03%), to 4,663.75

• Nasdaq future: +6.25 points (+0.04%) to 15,614.25

• Dow futures: -6.00 points (-0.02%), to 35,946.00

European Stock Market Indexes

• STOXX Europe 600: −7.21 (1.48%) at 479.04 as at Jan 10, 6:00 PM GMT+1

• FTSE 100 in London: −40.03 (0.53%) at 7,445.25 as at Jan 10, 4:35 PM GMT

• DAX 30 in Germany: −179.47 (1.13%) at 15,768.27 as at Jan 10, 5:55 PM GMT+1

• CAC 40 in France: −103.71 (1.44%) at 7,115.77 as at Jan 10, 6:05 PM GMT+1

• FTSE MIB 30 in Italy: −264.76 (0.96%) at 27,353.71 as at Jan 10, 5:36 PM GMT+1

• IBEX 35 in Spain: −44.90 (0.51%) at 8,706.90 as at Jan 10, 5:38 PM GMT+1

Other markets

• Ten-year U.S. Treasury note: unchanged to yield 1.78%

• Dollar index: -0.07 or -0.08% at 95.92 as at an 10, 2022 at 7:50 p.m. EST

• VIX volatility index: +0.64 (3.41%) at 19.40 as at Jan 10, 3:15 PM CST

Oil prices

• Brent crude: 0.13 or 0.16% at $81.00 per barrel at Jan 10, 2022 10:59 p.m. GMT

• West Texas Intermediate: 0.34 or 0.43% at $78.58 per barrel as at Jan 10, 2022 at 7:54 p.m. EST

Precious metals

• Gold: +8.14 or +0.45% at $1,803.49 an ounce

• Silver: +0.14 or +0.61% at $22.49

Cryptocurrencies

• Bitcoin: −155.20 (0.37%) at $41,667.70 as at Jan 11, 1:04 AM UTC

• Ethereum: −23.92 (0.78%) at $3,059.59 as at Jan 11, 1:04 AM UTC

(Written and edited by: The Decision Maker)