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Wall Street downplays worries in wishful start to 2022 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Wall Street’s New Year optimism overpowered concerns about the coronavirus and inflation on Monday, with US and European equity markets advancing in parallel with rising oil prices and US Treasury yields.

The S&P index surged nearly 28% last year, driving MSCI's 50-country index of world stocks to its third consecutive year of double-digit gains.

The S&P index surged nearly 28% last year, driving MSCI’s 50-country index of world stocks to its third consecutive year of double-digit gains. “We see the higher inflation regime and solid growth as positive for risk assets but bad for bonds for a second consecutive year,” they added.

 

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