Global Stocks Higher After Wall Street Ends 2021 With Big Gain

By The Associated Press
The Associated Press
The Associated Press
January 3, 2022Updated: January 3, 2022

BEIJING—Global stock markets and U.S. futures were mostly higher Monday on 2022′s first trading day after Wall Street ended last year with a double-digit gain.

Frankfurt and Paris opened higher while Seoul and India advanced. Hong Kong retreated. Markets in Britain, China, Japan, and Australia were closed.

Wall Street’s benchmark S&P 500 index slipped Friday amid lingering worries about the coronavirus’s omicron variant but ended 2021 with an annual gain of 26.9 percent.

“It remains to be seen to what extent the optimism of the New Year will be reflected in financial markets,” said Venkateswaran Levanya of Mizuho Bank in a report.

In early trading, Frankfurt’s DAX gained 0.8 percent to 16,010.77 and the CAC 40 in Paris added 0.9 percent to 7,213.57.

On Wall Street, futures for the S&P 500 and the Dow Jones Industrial Average were 0.4 percent higher. On Friday, the S&P 500 slipped 0.3 percent and the Dow slid 0.2 percent. The Nasdaq fell 0.6 percent.

In Asian trading, Hong Kong’s Hang Seng shed 0.5 percent to 23,274.75 and the Kospi in South Korea rose 0.4 percent to 2,988.77.

India’s Sensex gained 1.4 percent to 59,101.23. Jakarta and Malaysia advanced. Markets in New Zealand and Thailand were closed.

In energy markets, benchmark U.S. crude rose 86 cents to $86.07 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.78 on Friday to $75.21. Brent crude, the price basis for international oils, gained 87 cents to $78.65 per barrel in London. It lost $1.75 the previous session to $77.78 per barrel.

The dollar advanced to 115.29 yen from Friday’s 115.09 yen. The euro declined to $1.1340 from $1.1383.

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