By Daniel Shvartsman

Bulls received gifts from holiday trading, setting an all-time record yesterday. The good vibes spread to other asset classes and indices as well. Are there enough opportunities for another round? There’s plenty of uncertainty with oil prices rising, European prices slowing down, covid cases increasing, but government restrictions and hospitalizations still in place.

These are the top financial market facts for Tuesday, December 28, 2018.

1. Oil prices rising

Yesterday’s oil price dropped to a low point, but then reversed and gained more than 2%. Oil prices are currently up 1.4% and 1.2% respectively, both setting new one-month records. The market’s theme this week is that demand will rise and there will not be any temporary obstacles due to the Omicron version of Covid-19. Oil’s situation is complicated by the question of whether higher oil input costs will lead to inflationary pressures and end up putting more pressure on the economy.

You can also read this:

2. What’s the ceiling after all-time highs?

The index closed at an all time high of 4800 yesterday, bringing them up by.27%. The tech sector’s strength was reflected in the Nasdaq Futures, which were up by.5%. They are now up 83 points or.23%. Santa Rally is the tendency of markets to increase during the final five trading sessions in one year, then decline the following two. Unless there’s some unexpected bad news, the momentum will not slow down.

Following the momentum theme, Tesla’s (NASDAQ:), shares have risen 1.2% premarket following the Wedbush analyst Dan Ives’s recommendation for Tesla from $1100 to $1400/share. Nvidia (NASDAQ) shares are up 1.5%, despite no news.

You can also read this:

3. European Natural Gas Eases

Europe’s stock market continued to fall, marking another round of declining stocks. European utilities like Iberdrola (MC) Enel As a sign that relief is on the continent, (MI:), traded higher. All eyes are focused on the future, as mid-January is expected to see a blast in cold temperatures, which will increase gas demand and energy.

You can also read this: 

4. The price of cryptocurrencies drops, while gold rises

Leading cryptocurrencies are seeing a decline after a good start to the week. is at 3.3%, while it is at 3.5%. Yesterday’s leader is down by 6%, while is is down 4.5%. Although the sector did not get the “bulls returned home for holidays and convinced family members to buy” bump, it is unclear what news may be driving today’s sell-off.

However, they are now up.5% during early trading. This could be due to inflation concerns or the emergence of new ones.

You can also read this: 

5. Covid Cases Reach New Heights, but Restrictions Keep Lighter

Covid cases are still rising in countries around the globe, and governmental response has been slow. The Center for Disease Control announced that COVID quarantines could now be 5 instead of 10. France also enforced restrictions for public gatherings, but schools were open. Spain requires only outdoor mask wear. The severity and impact of the Omicron Variant on lives and hospitals is still unknown. However, the governments of all countries are taking precautionary measures similar to those taken last year at this point or during the outbreak of the pandemic.

We will have to wait and see if the omicron spells the end for the pandemic, both from a public health perspective or from a policy point of view. But we are hopeful that the omicron may be mild. The market seems to have taken everything in stride so far with only two short-lived selloffs and no significant impact on Santa’s influence.

You can also read this: