Tag Archives: Omicron

Central bank decisions, Omicron developments, and US inflation data were the past week’s highlights. The Reserve Bank of Australia decided to keep the interest rate at as low as 0.10% but left the door open to expectations of a rate hike earlier than previously thought in 2022. It indicated that …

WTI crude oil briefly pushed back above USD 72.00 on Friday after not as high as feared US inflation triggered risk-on. Oil prices have since eased back but remained on course for their best week since August. Oil prices remained uneven on Friday, though have for the most part traded …

European shares fell on Friday on nervousness related to the increase in infections with the Covid-19 disease and ahead of the release of US inflation data later, which led to caution overshadowing sentiment. The pan-European Stoxx 600 index was down 0.4 percent, following a broader risk aversion in global stock …

Crude oil prices fall during Thursday’s session after rallying for six weeks, retreating by 2.82%. COVID-19 restrictions, and the spread of the Omicron variant, dented market mood as oil demand cut are among factors that are dragging prices lower.The factors together hit oil prices as lockdowns loom as a number …

Markets retreated from their previous surging for three successive trading sessions, opening lower Thursday morning, despite fresh data from the US Labour Department that showed the number of Americans filing initial jobless claims fell to the lowest level in 52 years. All major US indexes were down in early trading, …

Most Treasury yields turned lower on Thursday, as US stocks relinquished some ground following three straight days of gains.Meanwhile, bond investors are awaiting the US November consumer-price index report on Friday and a Federal Reserve policy meeting next week.Treasuries dated three years and out were seeing some modest buying on …

European shares rose slightly Thursday, December 9, after positive comments from vaccine manufacturers calmed some concerns about the new mutated Omicron from the Coronavirus, while Deutsche Bank shares fell after reports that it may have violated a criminal settlement. The pan-European Stoxx 600 index rose 0.3%, after declining 0.6% in …

US shares remarkably surged Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.31% to 4,701.21 and the Dow Jones Industrial Average DJIA rising 0.10% to 35,754.75. Stocks surged led by overall positivity across the financial markets …

The dollar reaped some strength during London trading hours but finished the day down against most major currencies. The US dollar fell despite European and American indexes closed mostly in the red territory, and while government bond yields extended gains to fresh weekly highs.Some profit-taking and the opinion that the …

As markets, investors and traders expected, UK Prime Minister Boris Johnson announced that the UK will move to COVID-19 “plan B”.Guidance to work from home has been reintroduced, face mask requirements will now be expanded to most public venues and the NHS will make the NHS COVID Pass mandatory for …