Markets staged a considerable comeback on Tuesday, with all three major averages up more than 1% as investors weighed news of federal involvement to mitigate Omicron and imminent authorization of an at-home Covid-19 treatment.In a turnaround from earlier losses, the Dow rallied more than 500 points during intraday trading, up …

The pandemic remained a major force influencing growth in the US economy in 2021. But as vaccinations picked up and stay-at-home orders began to be lifted, the economy took considerable steps to recove throughout the year.Despite being behind pre-pandemic levels on many major metrics, on other metrics, and notably on …

Data released on Tuesday showed Retail Sales rose in Canada 1.6% in October, above expectations. According to analysts at the National Bank of Canada, the rebound at car dealers helps lift retail sales further above pre-crisis level. Analysts also see October’s retail sales report heralding a strong end of the …

European stocks tracked a global market rebound Tuesday, boosted by hopes that vaccines will work to stem the tide of surging omicron cases. However, a brewing energy crisis appeared to loom with a key Russian pipeline reversing course and raising questions about whether politics were behind the reversal.The Stoxx Europe …

UK Prime Minister Boris Johnson is set to make an announcement on whether or not England will go into a circuit breaker lockdown or not within the next 48 hours, according to The Sun newspaper. The UK government has so far resisted imposing new restrictions ahead of the holidays even …

The Euro seemed to take a hit in wake of the day and EUR/USD fell to session lows. The Eurozone Consumer Confidence index fell to -8.3 in December from -6.8 in November according to the flash estimate released by the European Commission on Tuesday. That was below expectations for a …

The US Congress, Monday, approved legislation to raise the debt ceiling by $2.5 trillion, in a move that is described as preemptive to any threat of a federal default until at least 2023. The federal government has never defaulted on debt payments.One Republican and all Democrats in the House voted …

RBA will publish its December policy meeting minutes on Tuesday. The minutes are expected to offer more detail on the discussion on bonds buying and the timeline for rate hikes.RBA officials argue a rate rise is unlikely until at least 2023, but markets are betting on a move as early …

Tesla slid 3.5% on Monday, closing at USD 899.94. That put the shares below where they had closed right before the $4.2 billion Hertz deal was revealed on 25 October.The shares which peaked on 4 November was down 21% in December, poised for the worst month since the pandemic erupted.Hertz’s …

Oil prices slumped on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions to combat its spread could dent fuel demand.Brent crude futures fell $2, or 2.7%, to settle at $71.52 a barrel, while US WTI crude futures …