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2021-12-03
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Oil Rises, Stock Futures Waver as Markets Cap Volatile Week
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The index rallied Thursday despite uncertainty about the Omicron variant’s potential impact on the global economy. Contracts for the tech-focused Nasdaq-100 fell 0.3% Friday and futures for the Dow Jones Industrial Average creped 0.1% lower.</p>\n<p></p>\n<p>Investors are grappling with the unclear impact of Omicron for the global economy. The variant has triggered fresh restrictions around the world, throwing up new obstacles to overseas travel just as it was starting to bounce back from last year’s Covid-19 measures. Scientists are trying to gauge how effective current vaccines will be against the variant.</p>\n<p></p>\n<p>“What we see now this week since we had the Omicron news is extremely high volatility and extreme nervousness in markets,” said Carsten Brzeski, ING Groep’s global head of macro research. He expects this to continue until more is known about Omicron.</p>\n<p></p>\n<p>Brent crude futures, the benchmark in global oil markets, rose 2.4% to $71.31 a barrel Friday. OPEC and a group of Russia-led oil producers agreed Thursday to continue pumping more crude, betting that pent-up demand in a post-lockdown world would outweigh any hit to economic activity from the recent Covid-19 permutations. But the group said its session would remain open, a technical move that would allow it to reconvene quickly and change course if the Covid-19 situation changes dramatically.</p>\n<p></p>\n<p>Investors are awaiting data at 8:30 a.m. ET on how many jobs U.S. employers added in November. Employers say they are eager to hire from a depleted pool of workers, leading to increased bargaining power and rising wages for many employees. A strong rebound in the labor market could impact the Federal Reserve’s timeline for paring back some of its monetary policy support that has supported asset prices.</p>\n<p></p>\n<p>“After a week of mixed macro news, some stronger news would be good for the market,” Mr. Brzeski said.</p>\n<p></p>\n<p>In bond markets, the yield on the benchmark 10-year Treasury note ticked down to 1.432% from 1.447% Thursday. Yields and prices move inversely.</p>\n<p></p>\n<p>In premarket trading, U.S.-listed shares of Didi Global gained 9% after the Chinese ride-hailing group said it planned to delist its shares in the U.S. and pursue a listing in Hong Kong.</p>\n<p></p>\n<p>Overseas, the pan-continental Stoxx Europe 600 was flat. Allianz shares added 1.6% after the German insurer set out higher financial targets for the next three years and pledged to increase its dividend.</p>\n<p></p>\n<p>In Asia, major indexes closed broadly higher. China’s Shanghai Composite added 0.9%, Japan’s Nikkei 225 rose 1% and South Korea’s Kospi gained 0.8%. Hong Kong’s Hang Seng edged down 0.1%.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Rises, Stock Futures Waver as Markets Cap Volatile Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Rises, Stock Futures Waver as Markets Cap Volatile Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-03 19:02 GMT+8 <a href=https://www.wsj.com/articles/global-stock-markets-dow-update-12-03-2021-11638521460?mod=hp_lead_pos2><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock futures wobbled, while oil prices continued to rise after OPEC and a group of Russia-led oil producers agreed to continue pumping more crude.\n\nFutures for the S&P 500 edged down 0.2%. The ...</p>\n\n<a href=\"https://www.wsj.com/articles/global-stock-markets-dow-update-12-03-2021-11638521460?mod=hp_lead_pos2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.wsj.com/articles/global-stock-markets-dow-update-12-03-2021-11638521460?mod=hp_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175574240","content_text":"U.S. stock futures wobbled, while oil prices continued to rise after OPEC and a group of Russia-led oil producers agreed to continue pumping more crude.\n\nFutures for the S&P 500 edged down 0.2%. The index rallied Thursday despite uncertainty about the Omicron variant’s potential impact on the global economy. Contracts for the tech-focused Nasdaq-100 fell 0.3% Friday and futures for the Dow Jones Industrial Average creped 0.1% lower.\n\nInvestors are grappling with the unclear impact of Omicron for the global economy. The variant has triggered fresh restrictions around the world, throwing up new obstacles to overseas travel just as it was starting to bounce back from last year’s Covid-19 measures. Scientists are trying to gauge how effective current vaccines will be against the variant.\n\n“What we see now this week since we had the Omicron news is extremely high volatility and extreme nervousness in markets,” said Carsten Brzeski, ING Groep’s global head of macro research. He expects this to continue until more is known about Omicron.\n\nBrent crude futures, the benchmark in global oil markets, rose 2.4% to $71.31 a barrel Friday. OPEC and a group of Russia-led oil producers agreed Thursday to continue pumping more crude, betting that pent-up demand in a post-lockdown world would outweigh any hit to economic activity from the recent Covid-19 permutations. But the group said its session would remain open, a technical move that would allow it to reconvene quickly and change course if the Covid-19 situation changes dramatically.\n\nInvestors are awaiting data at 8:30 a.m. ET on how many jobs U.S. employers added in November. Employers say they are eager to hire from a depleted pool of workers, leading to increased bargaining power and rising wages for many employees. A strong rebound in the labor market could impact the Federal Reserve’s timeline for paring back some of its monetary policy support that has supported asset prices.\n\n“After a week of mixed macro news, some stronger news would be good for the market,” Mr. Brzeski said.\n\nIn bond markets, the yield on the benchmark 10-year Treasury note ticked down to 1.432% from 1.447% Thursday. Yields and prices move inversely.\n\nIn premarket trading, U.S.-listed shares of Didi Global gained 9% after the Chinese ride-hailing group said it planned to delist its shares in the U.S. and pursue a listing in Hong Kong.\n\nOverseas, the pan-continental Stoxx Europe 600 was flat. Allianz shares added 1.6% after the German insurer set out higher financial targets for the next three years and pledged to increase its dividend.\n\nIn Asia, major indexes closed broadly higher. China’s Shanghai Composite added 0.9%, Japan’s Nikkei 225 rose 1% and South Korea’s Kospi gained 0.8%. 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