Market’s optimism over Omicron and plans for the upcoming year

News for today, December 23:

Oil prices go up on Thursday as U.S. crude oil resources decline. It also keenly reacts to the news about Omicron. Investors are relieved by the statements of which 3-dose course is claimed to be efficient against the new coronavirus variant. Therefore, the stock market in the European session is about to open higher this Thursday and bring back confidence about the global economy recession.

Dollar trades lower on Thursday. Nonetheless, the U.S. stock market has shown great annual returns. The S&P500 Index, for instance, gained 87% since 2018 and showed its three-year best output for the last 20 years. Still, investors don’t expect the same performance in the upcoming year. The policy of the Fed, slowing income growth, and the pandemic persist their influence on the U.S. market a lot.

The price of Brent crude is $ 74.88 per barrel, WTI — $ 72.40. EUR/USD is at 1.1316, GBP/USD — 1.3379, gold is at $ 1,807.26 per ounce.