Daniel Shvartsman

Investing.com: The trading year’s last week has been quiet. Although investors are hoping for Santa rally to finish off an excellent year on leading indices’, Covid faces many challenges as holiday weekend flight cancellations highlight. News from China about new IPO listing restrictions is another reminder of the difficulties the economic giant has posed for investors this year. Oil starts the week on the wrong track. What you need to know about the financial markets on Monday 27th December.

1. Omicron Wreaks Havoc Even If Mild

Although last week’s rallies and all-time highs were largely based on reports that Omicron Covid-19 was showing milder symptoms than other variants or poses less danger of hospitalizations, it was still a stark reminder of how the virus can cause havoc on an economy.

Due to staffing shortages, and in Southwest’s opinion, weather problems, airlines will not fly on Christmas Day in America. Pre-market trading is dominated by the U.S. Airlines. The cancellations remind us that, even though cases in some cases may be less severe than we hope, it is still possible to clog up already stressed economies by having to quarantine or recover from minor cases.

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2. China has new international listing guidelines

China issued guidelines for overseas companies to list their shares. These guidelines will allow Chinese companies to list variable-interest entities (V.I.E.).The guidelines are not intended to allow Chinese firms to list variable interest entities (V.I.E.) abroad but do provide the legal framework necessary for them.

We will see if the updated guidelines, which provide clarity and certainty in the face of an extremely difficult year for Chinese stocks, will be received well or not. The first reviews seem bearish. Alibaba (NYSE.com), JD.com(NASDAQ.com), Baidu(NASDAQ.) and Didi.Global Inc ADR (NYSE.:) are just a few of the Chinese companies that are seeing their U.S. listings drop by more than 1%. pre-market trading.

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3. Is it “Santa Rally”, or just one week of slow progress?

U.S. futures are pointing marginally higher; the S&P 500 futures are trading up .16% as of 6:45am ET, while are up .06% and Nasdaq futures are up .24%. Due to the week falling during the winter holidays, the last week of the year tends to be a slow week for trading. There is also not much economic news this week. The closed market is slightly lower than the mid-day trade, but they are slightly higher during trading. This year’s path of least resistance has been steeper, and there are early signs that Monday may see us heading that direction. The question, after the S&P closed at all-time highs last week, is whether there’s that much room left to go in 2021?

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4. The week starts with oil starting lower in the U.S.

Oil was down by more than 1% at the beginning of this week, or nearly so. At 6:45 AM ET they were trading flat. Yesterday’s rally in oil was attributed to optimism about the global economy recovery and general optimism regarding the Omicron variant. It remains to be determined if the volatility is a result of flight cancellations, slow consumer travel during the busy holiday season or just generic volatility.

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5. Different paths to be a meme stock star?

Today, two meme stocks that are very popular may be on the news. One, GameStop Corp (NYSE:) Shares fell.5% during pre-market trading after Ascendiant Capital became bearish. The other side, however, Spiderman, There’s No Way HomeAt the box office it made $1B global ticket sales, which was the first movie after the pandemic. It also reached $467M at the U.S. Box Office. Although the stock is down by.6%, this could be a good sign for AMC Entertainment Holdings Inc. (NYSE:). Meanwhile, Sony Group Corp (NYSE):, who produced the movie, trades up.9%. It is clear that the market recognises the economic importance of the news.

If we are talking memes, has risen 2% in the early trading ahead of key cryptocurrency peer and is currently up just.6%.

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