PARIS: Stock markets rose Monday in the first trading day of 2022 following stellar performances last year, as investors keep an eye on the coronavirus pandemic, inflation and looming central bank rate decisions.
The CAC 40 index in Paris kicked off with a new record while Frankfurt’s DAX was up 0.9 percent in in thin holiday trading at around midday.
Markets in Asia mostly finished higher.
London, Tokyo, Shanghai, Sydney, Wellington and Bangkok were closed for holidays.
Global stocks enjoyed blockbuster rallies in 2021 as economies reopened and lives in most countries returned to some semblance of normal, fuelling optimism that the recovery would stay on track.
The markets had ups and downs, however, as investors nervously monitored the emergence of the Omicron coronavirus variant, supply chain problems, inflation records and the possible early withdrawal of central bank stimulus programmes to tame runaway prices.
But they got off to a strong start in 2022 so far.
“While the rising Omicron spreads may warrant a cautious approach toward reopening, some expectations may be that improved vaccinations will aid to limit the eventual economic impact,” said Jun Rong Yeap, market strategist at IG Asia.
France has announced an easing of Covid restrictions from Monday and Britain’s health minister said curbs were an “absolute last resort”, as governments face tough choices between controlling the virus and keeping economies open.
High prices also remain a problem across the world,...
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