The American stock exchanges will start up again on Tuesday, after the nice price gains on Monday, and tech stocks seem to be taking the lead.
Investors seem less afraid of the Omikron strain of the coronavirus. This is probably more contagious, but also milder.
About half an hour before the opening bell, the future on the S&P 500 index recorded an opening profit of 1.2 percent and the Nasdaq seems to start up almost 2 percent higher.
Relatively little news in combination with an ever-decreasing liquidity towards the end of the year results in large movements, says investment strategist Hugh Gimber of JPMorgan Asset Management.
On Tuesday afternoon, labour costs in the third quarter increased faster than initially reported, while productivity declined even more.
In addition, the US trade deficit fell by 17.6 percent to 67.1 billion dollars. That was no surprise. Economists expected a fall to 66.9 billion dollars.
Exports increased by 8.1 percent to 223.6 billion dollars in October, while imports increased by only 0.9 percent to 290.7 billion dollars.
The deficit with China fell by 1.9 billion to 80.2 billion dollars. The deficit with the European Union, on the other hand, increased by 7.3 billion to 43.8 billion dollars.
This morning there were also export figures from China. There, exports increased by 22.0 percent on an annual basis, with economists forecast an increase of 16.1 percent. Imports even increased by 31.7%, more than the 19.8% expected.
This evening, the American consumer credit will follow. There is also a summit meeting between US president Joe Biden and his Russian counterpart Vladimir Putin.
The euro / dollar trades at 1,1240 and oil becomes up to 3% more expensive. The ten-year interest rate in the US is 1.456.
Furthermore, there is recovery on the cryptomarkets and a bitcoin now costs about 51,000 dollars again.
Company news
Today, Campbell Soup’s quarterly figures are on the agenda, as are meme-stock GameStop’s.
Intel plans to bring Mobileye, the autonomous driving division, to the U.S. stock market by mid-2022. Intel acquired Israel’s Mobileye in 2017 for approximately $ 15 billion. According to sources of The Wall Street Journal, Mobileye’s valuation can amount to as much as 50 billion dollars. Intel’s share is expected to open up more than 7 percent.
The Dow Jones index won 1.9 percent on Monday at 35,227. 03 points, while the S & P 500 rose 1.2 percent to 4,591.67 points. Tech fair Nasdaq was somewhat behind with a plus of 0.9 percent at 15,225. 15 points.
