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Stocks Surge For Second Session

EQUITIES
  • Equity markets traded well across Asia-Pacific hours, with the Hang Seng and Nikkei 225 finishing with gains of between 1.9 to 2.7%. European indices followed suit, opening higher and pushing the EuroStoxx50 over 2.5% into the green ahead of the NY crossover.
  • This puts the cash EuroStoxx50 at the best levels since end-November as markets look to continue erasing the Omicron-inspired gap lower posted on Nov26. The tech and consumer discretionary sectors are leading the way higher. Semiconductor names are surging, with the rally again based on a repricing of expectations as (very) early Omicron data suggests that while the new strain may be more transmissible, it may result in fewer hospitalizations and fatalities.
  • In futures space, Wall Street is building on the strong Monday close, with the e-mini S&P higher by 60 points or so a few hours out from the bell.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market NewsBank of America Market News

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