Tag Archives: Omicron

European shares rose on Wednesday ahead of the US Federal Reserve’s monetary policy decision, which is likely to tilt the pandemic’s stimulus back at a faster pace to counter growing inflation risks. The pan-European Stoxx 600 index rose 0.5 percent to 471.84 points. Stock markets across Asia fell as weaker-than-expected …

Traders, investors and economists are eying the upcoming signals by the US Federal Reserve Bank’s policy meeting that began on Tuesday. Anticipations have been dominating all over financial markets throughout Tuesday’s North American session, with the meeting ending on the second and final day, Wednesday.The meeting comes amid expectations that …

The US dollar is up against most of its rival currencies, rising during US trading hours on the back of higher yields and weaker stocks.The US published November PPI, which jumped to a record of 9.6% YoY, much higher than the previous reading that was at 8.6%, while the core …

European shares closed lower on Tuesday’s trading, impacted by resurfacing fears of the new coronavirus variant; Omicron.The negative news has made headlines since early morning trading Tuesday, with some 20 manufacturing centers closed in China’s Zhigang state due to the spread of the virus. Health authorities in the UK have …

European shares rose somewhat on Tuesday from one-week lows as investors focused on important central bank meetings this week. The pan-European Stoxx 600 index rose 0.5%. The early gains were led by mining, chemical, and food and beverage stocks. The US Federal Reserve is expected to indicate a rapid pullback …

The dollar index held onto modest gains by late US trading session on Monday but was well off its highs as Treasury yields slid in the face of falling stocks, while Omicron uncertainties and Fed event risks also loomed over markets.Omicron fears increased after the WHO said the variant poses …

US shares markets came under pressure on the first trading day of the week after the S&P 500 managed a record high close last Friday at 4712.The index has dropped more than 25 points to current levels in the 4680s, recording recent decline of over 0.5%. Still, the S&P 500 …

On Monday, the price of gold started off as investors are eyeing a breakout to test the familiar daily resistance near USD 1815. The yellow metal is higher by some 0.3% and has travelled between a low of USD 1781.89 and a high of USD 1791.65.The start of the week …

Next Thursday’s European Central Bank meeting is expected to be crucial as officials are set to call time on pandemic-triggered stimulus. The question now is how much support to leave in its place given the emergence of the Omicron COVID-19 variant and hot inflation data. The five questions on the …

UK stocks struggled for traction on Monday as a warning over the omicron variant weighed on THE market sentiment.The FTSE 100 index UK:UKX slipped by 0.2% to settle at 7,278, though the mining sector appeared to be getting a boost, after China’s top officials reportedly set 2022 targets that included …