Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

Global markets rattled by omicron vaccine worries

by
November 30, 2021
in Latest News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

ChatGPT is ‘down all the time’ and people keep using it. What that says to Google alum Elad Gil about bad Silicon Valley advice

You’ll Only Have This Much Social Security Left After Paying Medical Bills in Retirement

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 27, 2021.

Brendan McDermid | Reuters

LONDON — Global markets have been rattled once again on concerns that the new omicron Covid-19 variant could potentially evade vaccines.

Although health authorities have said it will take several weeks to gain a full picture of how omicron’s 30+ mutations affect its response to existing vaccines, Moderna CEO Stephane Bancel told the Financial Times on Monday that he expects them to be less effective against the new strain. Bancel also told CNBC on Monday that it could take months to develop and ship a vaccine that specifically targets the omicron variant.

Shares in Asia-Pacific fell during Tuesday’s trade, led by declines of 2.4% for South Korea’s Kospi and 1.9% for Hong Kong’s Hang Seng index. Japan’s Nikkei 225 shed 1.6%.

European stocks fell at Tuesday’s open to all but erase Monday’s gains, after the market attempted to begin a rebound following Friday’s sharp global sell-off. The pan-European Stoxx 600 index was down 1.6% by mid-morning.

Stateside, Dow futures were down more than 550 points in early premarket trade, as vaccine efficacy concerns reversed the uptick in sentiment following President Joe Biden’s assertion that economic lockdowns and further travel restrictions were currently off the table.

Spot gold prices rose more than 0.5% to more than $1,794 per troy ounce, while fellow traditional safe haven the Japanese yen also rose. The dollar was down 0.7% versus the yen on Tuesday morning at 112.7.

The yield on the benchmark 10-year Treasury note dropped by 10 basis points to 1.4273% at 4:30 a.m. ET. The yield on the 30-year Treasury bonds fell 6 basis points to 1.8166%. Yields move inversely to prices and 1 basis point is equal to 0.01%.

In the crypto space, bitcoin fell 2.75% to slide to $56,520. Oil prices also retreated, with international benchmark Brent crude sliding 3.2% to $71.12 per barrel and U.S. crude dropping 2.8% to $67.97

The moves come after European and U.S. stocks attempted a relief rally on Monday following comments by the South African doctor who raised alarm about the new variant. Dr. Angelique Coetzee said symptoms of omicron had so far been extremely mild.

Charalambos Pissouros, head of research at JFD Bank, said the week’s moves so far evidenced how sensitive market participants are to omicron headlines.

“We believe that this will be the main theme for a while more. With that in mind, we are very reluctant to say that market concerns have diminished, and that yesterday’s rebound is the beginning of a long-lasting recovery. Any new negative headline has high chances of resulting in another leg of massive selling,” Pissouros said.

Various analysts have warned that volatility may abound in the coming weeks, but urged investors to stay the course and retain focus on the unchanged long-term fundamentals.

ShareTweetPin

Related Posts

ChatGPT is ‘down all the time’ and people keep using it. What that says to Google alum Elad Gil about bad Silicon Valley advice

by
January 30, 2023
0

S&P Futures 4,079.00 -5.25(-0.13%)   Dow Futures 34,002.00 -44.00(-0.13%)   Nasdaq Futures 12,209.50 -12.75(-0.10%)   Russell 2000 Futures 1,916.00 -3.50(-0.18%)...

You’ll Only Have This Much Social Security Left After Paying Medical Bills in Retirement

by
January 30, 2023
0

S&P Futures 4,073.00 -11.25(-0.28%)   Dow Futures 33,973.00 -73.00(-0.21%)   Nasdaq Futures 12,177.50 -44.75(-0.37%)   Russell 2000 Futures 1,913.50 -6.00(-0.31%)...

Wall Street says Europe’s a better bet than the U.S. right now — and names its top stock picks

by
January 30, 2023
0

European stocks are are having a good year so far. The benchmark Stoxx 600 is up around 7% since the...

Adani’s $2.5 billion share sale faces crucial day after rout

by
January 30, 2023
0

In this article ADANIENT-IN Follow your favorite stocksCREATE FREE ACCOUNT People walk past an electronic sign displaying news on the...

Goldman Sachs names tech stocks with a ‘strong runway’ for growth — giving one upside of nearly 70%

by
January 30, 2023
0

One corner of tech, software, might be seeing "limited appetite" from the market, according to Goldman Sachs. But the investment...

Next Post

The real Omicron fear factor that’s moving the market: Morning Brief

Dow futures down more than 500 points as reopening stocks get slammed on Omicron fears

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com