Worst day of the year for markets / Indicators of the new Corona virus
According to Trade News, a new and mutated version of the corona virus called Omicron has been observed in South Africa, Botswana, Hong Kong and Israel, which has forced some countries to impose a flight ban. Delta also had an impact on people and the economy in the summer. Now investors and economists are worried that the new virus will have the same effect. Following this incident on Friday, we saw a sharp decline in stock market prices.
The Dow Jones industrial average fell 905 points, or 2.5 percent, to its worst performance since October 2020, according to CNN. S&P shares also had their worst day since February, falling 2.3 percent. And COMP stocks fell 2.2 percent to their worst day since September.
The corona virus and its mutant models will be the biggest risk to the market until next year, and perhaps more, and could continue to destabilize the market. It is now difficult to predict how long the new virus will affect market volatility. It will take days and maybe weeks to assess the severity of this new virus. So a Friday price cut may not be an immediate opportunity to buy stocks at a low price. But not all stocks saw prices fall. Moderna and Pfizer shares, for example, rose 20 percent and 6 percent, respectively.
Falling oil market
Apart from the stock market, other markets, such as the oil market, were in trouble on Friday. US oil prices, for example, fell 12 percent, or about $ 10, to $ 82.68 a barrel near the close of trading. Brent crude fell more than 10 percent to $ 66.73 a barrel.
The US dollar also fell 0.6 percent at the close of trading. Digital currencies were no exception. Bitcoin fell more than 8% on Friday afternoon. In the meantime, investors have flocked to safe investment. Ten-year US Treasury bonds were up 51.1 percent. The gold market was also bullish on this day.
Given this trend in global markets, what trend should domestic markets follow? In this regard, tonight (Saturday, December 26) at 9 pm, Ebrahim Alizadeh, Editor-in-Chief of Tejarat News, in a conversation with Ali Abbasian and Saman Karimishad, will predict the future of the markets.
Those who are interested can download this program on the page Trade News To observe.