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Cryptocurrency Bitcoin with price rally after price plunge, cyber currency rises above 51,000 US dollars

2021-12-07T06:41:23.025Z


The Dax is continuing its attempt at recovery after the recent slide in the course. Asia's stock markets close in positive territory. The cryptocurrency Bitcoin is also growing significantly again.


Enlarge image

Recovery

attempt

:

The Dax has risen again after the Omikron price slide

Photo: Fredrik von Erichsen / picture-alliance / dpa

After two weak weeks with strong price fluctuations, the Dax has tried to recover.

Although the data situation on the coronavirus variant Omikron is still thin, the health effects on infected people in South Africa seem to be less than feared.

The Dax had already closed on Monday with a strong plus of 1.4 percent at 15,380 points and should continue its recovery on Tuesday with a slight plus.

In the USA, the Dow Jones and Nasdaq both closed clearly in positive territory, and in Asia the indices rose significantly.

The Nikkei in Tokyo gained just under 2 percent in value on Tuesday.

On the crypto market, buyers ventured again, the crypto currency Bitcoin gained more than 5 percent on Tuesday night.

Since the appearance of the Omikron variant, the leading German index has been prone to fluctuations in a range between around 15,000 and 15,500 points.

Now he should look at the upper mark again.

The MDax of medium-sized companies and the Eurostoxx 50 are also expected to make a profit on Tuesday.

Statements by health authorities in South Africa and the USA, according to which the Corona variant Omikron are not associated with any serious disease courses, ensured confidence.

"Last week's losses will likely be made up again if Omikron turns out to be less deadly than previous mutations," said Stuart Cole, an economist at brokerage firm Equiti Capital.

However, investors continue to be worried that the Fed - forced by the rise in inflation - is likely to cut back its bond purchases to support the economy during the corona crisis more quickly than expected.

Bitcoin starts recovery attempt

After the price drop in the past few days, the world's most important crypto currency Bitcoin started a recovery attempt on Tuesday night.

Most recently, the cyber currency was quoted around 5 percent more firmly and was quoted on the Bitstamp trading platform again above the US $ 51,000 mark.

Since the record high of $ 68,000 in early November, Bitcoin has at times lost more than a quarter of its value and fell to $ 45,000 over the weekend.

Asia's stock markets are up, Evergrande is up again

Asian stocks rallied Tuesday on easing concerns over the impact of the Omikron variant.

"The initial ratings of the Omicron cases were rated mild, which resulted in relief," said Vishnu Varathan, director of economics and strategy at Mizuho Bank.

In addition, shares in ailing Chinese property developer Evergrande rose seven percent on Tuesday after plummeting to record lows on Monday.

Evergrande wants to restructure its debt.

The Nikkei index

, which

comprises 225 stocks, rose

1.9 percent on Tuesday.

The broader Topix index rose 1.2 percent and stood at 1971 points.

The index of the major companies in Shanghai and Shenzen gained 0.1 percent.

In Asian foreign exchange trading, the dollar was almost unchanged at 113.47 yen, down 0.1 percent to 6.3713 yuan.

In relation to the Swiss currency, it was quoted 0.2 percent lower at 0.9235 francs.

At the same time, the euro remained almost unchanged at 1.1290 dollars and fell 0.1 percent to 1.0433 francs.

The pound sterling gained 0.1 percent to $ 1.3277.

USA: Dow Jones recovered, Nvidia and Tesla with losses

Investors accessed the US stock exchanges on Monday and apparently shook off worries about the influence of the Coronavirus variant Omikron. Access was primarily made to standard values ​​in the

Dow

Jones Industrial

, which rose by 1.9 percent to 35,227 points on Monday. The leading index has now caught up with a large part of the price slide since the variant became known. He has gained 3.6 percent since the fall in the meantime to 34,000 points.

The market-wide

S&P 500

rose 1.17 percent to 4591 points on Monday.

Cyclical standard values ​​again outperformed the technology values.

The

Nasdaq 100

selection index, which was shaped by these,

made it into positive territory at 0.85 percent after the sell-off on Friday at the beginning of the week.

At 15,846.16 points, it recovered from its lowest level since the end of October.

Course rally for flight and travel values

Due to the decreasing fear of the Omikron variant, interest in the travel sector increased massively, as shown by significant price gains among the major US airlines.

Above all, the shares of

American Airlines, United Airlines and Delta Air Lines rose

in US trading

,

with price jumps between 8.0 and 9.4 percent.

In addition, the titles of the travel booking portal operator Booking Holdings rose by 7.3 percent.

The titles of the hotel chain Marriott rose by 4.9 percent and those of the cruise operators Carnival and Royal Caribbean by up to nine percent.

The aircraft manufacturer Boeing also benefited from the airline rally with an increase of 3.3 percent.

Biontech share loses double digits

Conversely, interest in vaccine

stocks

sank rapidly, as shown by

setbacks

at

Biontech

or Moderna

of more than 10 percent each.

The two pioneers with their mRNA technology are currently testing the effectiveness of their vaccines against the variant.

If the variant develops only mild symptoms, the need for quick re-vaccinations could become less urgent, it said on the market.

Oil prices continue to rise

Oil prices rose by a further 0.5 percent on Tuesday after starting the new trading week with significant increases.

A barrel (159 liters) of North Sea Brent cost 72.53 US dollars that morning.

The price of a barrel of the American West Texas Intermediate (WTI) variety rose to just under $ 69.

Market participants justified the surcharges on the one hand with news from Saudi Arabia.

The state-owned oil company Saudi Aramco raised sales prices for its Asian customers, sending a signal of confidence in future crude oil demand.

Last week, the Opec + oil network showed itself to be similarly confident by staying true to its course and intending to further expand its range in January.

With news agencies

Source: spiegel

All news articles on 2021-12-07

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