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Below are Views On Daily Global Market Update 27 December 2021 By Asheesh Chanda, Kristal.AI

“With US markets closed on Friday and most others trading sideways in shortened sessions, there isn't much to go on there. China probably saw the most activity over the weekend - millions in Xi'an were placed in lockdown after 75 locally transmitted cases were detected. Local officials were also punished for failing to curb the outbreak and risking China's Zero Covid policy. The PBoC made statements indicating more monetary easing could be on the way and new rules around the used of VIE structures for overseas IPOs helped clear up some uncertainty there - the biggest change is that the regulator now has the right to prevent foreign investment in any sector / company deemed to be sensitive to national interests.

Across the  world airlines were forced to cancel over 6000 flights on crew shortages after they tested positive. The hospitalization and death rates are still expected to be lesser than those of delta though but such disruptions are likely to increase in frequency given Omicron's more contagious nature. Data from MasterCard also showed a rise in holiday shopping over last year as US consumers looked to get started earlier to overcome supply chain issues. US markets reopen again today with volumes likely thin for another  week - some countries like Australia, NZ and the UK are off in the first half though.”

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