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Markets are still looking for developments in Omicron as well as awaiting US data.
In a widely expected move, the People’s Bank of China (PBOC) slashed the banks’ Reserve Requirement Ratio (RRR) by 50bps on Monday.
Eurozone’s investor sentiment keeps worsening in the final month of the year, the latest data published by the Sentix research group showed on Monday. The gauge fell further to 13.5 in December from 18.3 in November vs. a reading of 15.9 expected. The index reached the lowest levels since April.
French Finance Minister Bruno Le Maire revealed, during press statements, yesterday, Sunday, that his country is trying to avoid imposing any new health measures or restrictions, including closure restrictions, to confront the rise in cases of the Coronavirus and the outbreak of the new Omicron mutant.
The price of gold in spot transactions fell 0.2 percent to $ 1780.95, while US gold futures fell 0.1 percent to $ 1781.90.
China’s Evergrande Group said in a stock exchange filing late Friday that it plans to enter into active negotiations with external creditors to develop a debt restructuring plan.
In doing so, the group made a frank admission that its foreign and domestic liabilities of $300 billion have become unsustainable, and the stock plunged 20% on Monday to a record low.
The dollar index rose 0.10 percent to 96.29, not far from its 16-month peak reached in November when it reached 96.938.
The dollar rose 0.2 percent against the Japanese currency to 113.05 yen and rose 0.4 percent against the Swiss franc.
The euro fell a quarter of a percentage point against the dollar.
