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Stocks rebound and bonds fall after Omicron shocks


Nov 29, 2021 ,
Отскок акций и падение облигаций после потрясений на Omicron

A new strain’s risks are evaluated by investors.

As global markets regained their composure on Monday, European equities recovered and US stock futures rose in lockstep with Treasury yields.

In light of the new Omicron coronavirus strain, investors have reconsidered their stance on monetary stimulus.

The dollar is gaining strength, while Asian stocks are losing ground.

The tourism and energy sectors drove the Stoxx Europe 600 Index higher by more than 1%. WTI crude rose above $ 71 per barrel, and the yield on 10-year US Treasuries increased by more than 1.5 percent.

Asian stocks fell, but not as much as they did during Friday’s global selloff, which saw the market lose over $ 2 trillion in value. The euro dropped, the dollar rose, gold dropped below $1,800 per ounce, and bitcoin climbed above $57,000 after falling below $54,000 on Friday.

Investors are debating whether the Omicron outbreak is a one-time scare that will send markets soaring or a long-term threat to the global economy.

“We are only one negative step away from returning to where we started, despite the irresistible temptation to believe the scant early information about the new stamp.” “Expect a lot of headline-driven price spikes this week,” wrote Jeffrey Halley, senior market analyst at Oanda, in a memo.

Meanwhile, the chief physician of Moderna Inc. stated that a new drug to combat the new strain could be available as early as the new year.

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