Dow Jones futures continued to rise today. Recently, it has soared more than 350 points, indicating that Wall Street will rebound tonight. After falling heavily in the last week.
At 9:12 p.m. Thai time, the Dow futures index gained 365 points or 1.05% to 35,223 points.
The Dow sank more than 900 points on Friday. Amid concerns about reports of the COVID-19 virus Omicron species in South Africa The VIX Volatility Index rose to its highest level in two months.
However, stocks that benefit from the opening of the economy, such as airlines and cruise business They jumped up in pre-market trading today. After the experts stated that People infected with the Omicron strain have mild symptoms. They can also taste and smell. which is different from the symptoms of those infected with the COVID-19 virus previously found species
At the same time, investors expect the US Federal Reserve (Fed) to slow down interest rate hikes next year. after the outbreak of the Omicron virus
The CME Group’s FedWatch Tool, which analyzes U.S. short-term interest rate futures trading, found that investors expect the Fed is only 58.5 percent likely to raise interest rates by 0.25% at its June 20 monetary policy meeting. from previously expected to be as high as 82.1%
Investors also lowered the outlook for the Fed’s rate hike in July 2022 to 69% from 88 percent, and the outlook for a rate hike in September 2022 to 79.7. % from 94.5%, including reducing the trend of interest rate hikes in December 2022 to 92% from 99 %
Analysts also predict that The Omicron virus will have a temporary impact on the market. While vaccine companies are accelerating the development of vaccines that can fight the Omicron virus. It is expected to be approved early next year.
Biontec said in a statement today that it has begun developing a new vaccine to combat the coronavirus. The omicron species is now specific.
Biotech states that The development of a new vaccine is a standard procedure for the company in the event of a new virus strain. The company developed the vaccine in partnership with Pfizer, Inc.
Investors will keep an eye on US non-farm payrolls on Friday. which the US Department of Labor will reveal at 7:30 p.m.
Analysts predict that The US Department of Labor will report the number of non-farm payrolls up 581,000 in November.
Earlier, the US Department of Labor said Non-farm payrolls rose 531,000 in October. That was higher than analysts’ estimates of 450,000 jobs from 312,000 in September. The unemployment rate fell to 4.6 percent, below analysts’ forecast of 4.7 percent from 4.8 percent in September.
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