European markets troubled as omicron Covid variant fears return

LONDON – European shares are expected to open lower on Thursday as concerns over the omicron Covid formula persist. The UK’s FTSE fell 80 points at 7086, the German DAX fell 176 points at 15,295, the French CAC 40 fell 91 points at 6797, and the Italian FTSE MIB fell 326 points at 26,026, according … Read more

Asia stocks mixed as uncertainty surrounding omicron variant lingers

SINGAPORE – Stocks in Asia Pacific struggled for direction in trading Thursday, as concerns about the economic impact of the omicron Covid variant continued to weigh on investor sentiment. Hong Kong’s Hang Seng Index rose 0.38%, reversing earlier losses. However, shares of Razer in the city fell more than 12% in choppy trade. The company … Read more

Oil output policy in focus as omicron rattles markets

A picture of the OPEC logo prior to an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | Reuters A group of some of the world’s most powerful oil producers are meeting on Wednesday to discuss the potential impact of the new omicron Covid variable … Read more

Treasury yields rise amid omicron, Fed taper concerns

US Treasury yields rose Wednesday morning, amid investor concerns about the omicron variable and the Fed’s plans likely to scale faster than expected. The yield on the benchmark 10-year Treasury rose 6 basis points to 1.5005% at 4:15 AM ET. The yield on the 30-year Treasury added 5 basis points to 1.8362%. Returns move inversely … Read more

omicron Covid, China factory activity, oil prices

SINGAPORE – Major markets across Asia Pacific rebounded on Wednesday, after the previous day’s losses brought on by renewed uncertainty over the Omicron-Covid variable. South Korea’s Kospi advanced gains regionally, rising 2.17% after tumbling more than 2% on Tuesday. Hong Kong’s Hang Seng also saw solid gains, rising 1.4% after falling the previous day. Stocks … Read more

European markets optimistic that omicron variant won’t derail recovery

LONDON – European shares are expected to open higher on Tuesday amid cautious optimism that the omicron Covid variable may not derail the global economic recovery, as initially expected. The UK’s FTSE is expected to rise 31 points at 7148, Germany’s DAX rise 71 points at 15,348, France’s CAC 40 rise 23 points at 6799, … Read more

Chinese factory activity data for November, oil prices

SINGAPORE – Shares in the Asia-Pacific region mostly rose in trading on Tuesday as Japanese stocks led gains regionally, with investors reacting to the release of Chinese factory activity data for November. Japan’s Nikkei 225 is up 1.26% while Topix is ​​up 1.41%. Stocks in mainland China rose, with the Shanghai Composite advancing 0.29% while … Read more

Biden ready to release more oil reserves to cool price: Amos Hochstein

A truck passes pumping water at the Bellridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images News | Getty Images The administration of President Joe Biden is ready to release more barrels of oil from its strategic reserves if the need arises again, according to the State Department’s top … Read more

European markets positive despite omicron Covid variant fears

LONDON – European stocks are expected to start the new trading week significantly higher, despite widespread concerns about the newly discovered omicron Covid variant. The British FTSE is expected to rise 97 points at 7,137, the German DAX is expected to rise 191 points at 15437, the French CAC 40 is expected to rise 99 … Read more

Investors continue to watch omicron Covid variant

SINGAPORE – Stocks in Japan looked poised for a lower open Monday as investors in Asia monitor developments surrounding the recently discovered omicron Covid variant. The Nikkei Futures in Chicago was at 28365, versus the Nikkei 225 last closed at 28751.62. Shares in Australia were lower in morning trade with the S&P/ASX 200 index down … Read more