New coronavirus variant Omicron triggers market sell-off

Stock markets on both sides of the Atlantic suffer their biggest falls in more than a year amid concerns over the new coronavirus variant named Omicron

Global, World

11/27/2021 10:30:00 AM

Stock markets on both sides of the Atlantic suffer their biggest falls in more than a year amid concerns over the new coronavirus variant named Omicron

New concerns over the variant pummelled financial markets, especially stocks of airlines and others in the travel sector, and oil, which tumbled by about $10 a barrel.

Epidemiologists warned travel curbs may be too late to stop Omicron from circulating globally. The new mutations were first discovered in South Africa and have since been detected in Belgium, Botswana, Israel and Hong Kong.The United States will restrict travel from South Africa and neighbouring countries effective Monday, a senior Biden administration official said. 

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Going further, Canada said it was closing its borders to those countries, following bans on flights announced by Britain, the European Union and others. But it could take weeks for scientists to fully understand the variant's mutations and whether existing vaccines and treatments are effective against it. Omicron is the fifth variant of concern designated by the WHO. 

The variant has a spike protein that is dramatically different than the one in the original coronavirus that vaccines are based on, the UK Health Security Agency said, raising fears about how current vaccines will fare.Scientists issued similar warnings.

"This new variant of the Covid-19 virus is very worrying. It is the most heavily mutated version of the virus we have seen to date," said Lawrence Young, a virologist at Britain's University of Warwick."Some of the mutations that are similar to changes we've seen in other variants of concern are associated with enhanced transmissibility and with partial resistance to immunity induced by vaccination or natural infection."

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Several other countries including India, Japan, Israel, Turkey, Switzerland and the United Arab Emirates also toughened travel curbs.

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No cases of new omicron Covid variant in the U.S., CDC says'We expect Omicron to be identified quickly, if it emerges in the U.S.,' according to the statement by the Centers for Disease Control and Prevention. We don’t need it here Omicron? As in Rar ruler of Omicron Persei 8 ? Can this stupid simulation at least give me financial independence. This is fucking ridiculous

World Races To Contain New 'Omicron' COVID-19 VariantEarly evidence suggests it carries an increased risk of reinfection compared with other highly transmissible variants, the World Health Organization said. horrible Huffpo has not covered the waukesha terror attack. Another day, another variant. I guess not enough people are getting jabbed so they need to keep the fear going.

WHO: New Covid strain Omicron 'variant of concern'The UN organisation said it could take several weeks to complete studies of the new variant and that the number of Omicron cases appeared to be increasing in almost all provinces of South Africa.

Which countries have detected cases of 'alarming' new Omicron COVID variant?Five countries have recorded cases relating to the new strain, which the World Health Organization is calling a variant of concern. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ Yeppers, I have already strained my back so it is here. Oh well.

How worried should we be about the new Omicron variant?The WHO designated the new strain of the coronavirus first identified in southern Africa as “of concern” on Friday, as a number of countries moved to ban air travel.

New COVID variant Omicron triggers global alarm, market sell-offThe discovery of a new coronavirus variant named Omicron triggered global alarm on Friday as countries rushed to suspend travel from southern Africa and stock markets on both sides of the Atlantic suffered their biggest falls in more than a year.