(CercleFinance.com) – The New York Stock Exchange is expected to open on low spreads Wednesday morning, in trading volumes which are also expected to be reduced to a few days of the Christmas weekend.
Half an hour before the opening, the ‘futures’ contracts on the major New York indices yielded between 0.1% and 0.2%, a sign of the start of the session without major risk-taking.
The US equity markets should stand still or decline slightly in the wake of European markets, which are also moving around equilibrium, in a still delicate health context.
With Christmas this weekend and then New Years next week, the stock markets should be content to continue to digest the Omicron episode and the Fed policy tightening, confirmed last week.
Some investors are already starting to prepare their strategy for 2022 after a 2021 vintage which turned out to be very favorable.
At this stage, the S&P 500 is heading, before the Christmas break, towards a gain of almost 24% over the year, a solid performance that investors will be keen to preserve in the sessions to come.
Investors know that it will be difficult to end the year on new records without the catalysts that can move investors.
However, several statistics are on the program for the day, which will allow speakers to get an idea of the health of the American economy at the end of the year.
Good news, growth in the United States in the third quarter was revised upwards to + 2.3%, according to the third estimate of the Department of Commerce, which had previously estimated at 2.1%.
After the correction of the day before, the day is also rather calm on the bond market, where the US 10-year rate, the benchmark in this area, fell two basis points to 1.46%.
Little movement also on the NYMEX, with tiny variations on the barrel of American light crude (WTI) which nibbles less than 0.1% to 71.2 dollars after its spectacular rise the day before.
Copyright (c) 2021 CercleFinance.com. All rights reserved.