Amid widespread optimism in the markets around the world, Wall Street closed with new records.
Shareholders began the year 2022, with an advance in the stock markets of the United States and Europe, together with the rise in oil prices and the yield of US Treasury bonds.
Global stock markets started 2022 optimistically on Monday, with a rise in the United States and Europe stock markets, along with the increase in oil prices and the yield of US Treasuries.
Unofficially, the Dow Jones Industrial Average rose 246.83 points, or 0.68%, to 36,585.13 units, while the S&P 500 added 30.41 points, or 0.64%, to 4,796.59 units. The Nasdaq Composite added 187.83 points, or 1.2%, to 15,832.80 points.
Apple hit $ 3 trillion in capitalization. With its shares improving more than 10% after reporting better-than-expected quarterly deliveries of its electric cars, Tesla Inc led the way. Technological ones like Apple and Nvidia were also advancing.
The S&P surged nearly 28% last year, propelling the MSCI World Stock Index to its third straight year of double-digit gains.
London traders enjoyed their last day of vacation. Still, continental Europe got off to a buoyant start. The STOXX 600 index hit an all-time high after a barrage of encouraging data in the eurozone and eastern Europe.
The benchmark 10-year Treasury yield was close to its highest level in six weeks, with a return close to 1.607%, as investors expect a series of interest rate hikes this year to combat the acceleration of inflation.
"The response of central banks - especially the Fed - to inflation will be the key story for 2022," strategists at the BlackRock Investment Institute wrote in a note on Monday. "We view the higher inflation regime and strong growth as positive for risky assets, but bad for bonds for the second year in a row," they added.
Brent crude prices rose to $ 79 a barrel, supported by tight supply and hopes for a further recovery in demand in 2022, despite OPEC appearing ready to stick to further production increases and lingering concerns about the impact. In order to the rise in coronavirus cases.
"Infection rates are rising worldwide, restrictions are being approved in several countries, the air travel sector, among others, is suffering, but despite all the optimism of investors is palpable, " said Tamas Varga, from the oil brokerage PVM.
The dollar also appreciated against its main rivals amid a favorable market environment. However, gold prices fell as higher bond yields, and higher stocks hurt the bullion's attractiveness as a safe asset. The session was losing ground from a six-week peak hit previously.
Spot gold was down 1.6% at $ 1,799.95 an ounce after hitting its highest since Nov. 22 at $ 1,831.62. Gold futures in the United States were down 1.57% at $ 1,798.80 an ounce.