London — There was a fall in world share markets and scramble to safer currencies and bonds on Tuesday after the CEO of drugmaker Moderna warned that Covid-19 vaccines were unlikely to be as effective against the new Omicron variant.
“I think it's going to be a material drop. I just don't know how much because we need to wait for the data. But all the scientists I've talked to ... are like ‘this is not going to be good’,” Bancel said. “It’s not good news, and it's coming from someone who should know,” said Commonwealth Bank of Australia currency strategist Joe Capurso. “Markets have reacted in exactly the way you’d expect them to.”
China’s blue chip CSI 300 index closed 0.4% lower while Hong Kong's Hang Seng index shed over 1.5% exacerbated by the breaching of a strong technical support level of 24,000 points, according to analysts. Eurozone-wide figures are due shortly. The single currency was last at $1.1350 well up from a near 17-month trough of $1.11864 last week when ECB policymakers signalled they still expected inflation to cool.
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Gold inches higher as dollar easesMetal prices edge upwards while investors weigh Omicron impact South Africa can jump start its economy if it does the following: 1-Remove the race based BBBEE laws! 2-Remove all labour law red tape! 3-Reduce Corporate Income Tax to 22%! (This will be lowered to 27% next year tho) .... TalkingAfrica
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JSE faces muted Asian markets on Monday as investors eye OmicronOil prices recovered 4%, but concerns that Covid-19 will persist have been pummelling global markets since Friday 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⚖️
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US stock futures at vanguard of global markets’ rally amid Omicron jittersOil prices bounce more than $3 a barrel to recoup some of Friday’s losses as safe-haven bonds and the yen lose ground 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⚖️
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WHO warns that Omicron poses ‘very high’ global riskThe UN agency has urged member states to accelerate vaccination of high-priority groups
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WHO warns that Omicron poses ‘very high’ global riskThe UN agency has urged member states to accelerate vaccination of high-priority groups
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WTO conference delay over Omicron a blow to global vaccine planningHowever, delegations continue negotiations on IP waiver proposal by India and SA
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