China Eases, Bitcoin Crash, Omicron Spread – What\’s Moving Markets

© Reuters By Geoffrey Smith  Investing.com — China loosens monetary policy as the country\’s financial sector braces for an official debt restructuring announcement from Evergrande, the country\’s largest and most indebted real estate developer. Crypto crashes – led by (Bitcoin) as the dollar gets a safe haven bid. Stocks are set to open the new week mixed after selling off on Friday in response to the labor market report. Kohls is under pressure to sell itself. The Omicron variant of Covid-19 continues to spread but may be less dangerous than…

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Wall Street regains some ground with help from easing virus fears

© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2021. REUTERS/Brendan McDermid By Devik Jain, Shreyashi Sanyal and Alden Bentley (Reuters) – Wall Street\’s major averages closed higher on Monday with economically sensitive sectors and travel-related stocks advancing solidly as investors were encouraged by some optimistic comments from a top U.S. official on the latest COVID-19 variant. Of Wall Street\’s three major averages, the Dow rose the most while industrials and consumer staples, up around 1.6%, were the…

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Asia stocks bounce from one-year low, China gains on monetary easing

© Reuters. FILE PHOTO: People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, are reflected on an electronic board displaying Japan\’s stock prices outside a brokerage in Tokyo, Japan, October 5, 2021. REUTERS/Kim Kyung-Hoon By Anshuman Daga SINGAPORE (Reuters) -Asian shares staged a recovery on Tuesday on receding worries about the impact of the Omicron variant while Chinese markets were supported by the central bank easing monetary policy. MSCI\’s broadest index of Asia-Pacific shares outside Japan advanced 1.3% and was on course for its biggest jump in two months,…

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Oil ends higher after a day of wild swings on OPEC, Omicron

© Reuters. FILE PHOTO: General view shows Mexican state oil firm Pemex\’s Cadereyta refinery, in Cadereyta, on the outskirts of Monterrey, Mexico April 20, 2020. REUTERS/Daniel Becerril/File Photo By Arathy Somasekhar (Reuters) -Oil prices settled more than 1% higher on Thursday, after a see-saw session that saw benchmarks swing in a $5 range after OPEC+ surprised markets by sticking to its plans to boost output slowly. Brent crude futures settled up 80 cents, or 1.2%, at $69.67 a barrel after touching a low of $65.72 on the day, while U.S.…

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Dollar, shares rise as Omicron fears subside

2/2 © Reuters. FILE PHOTO: A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File Ph 2/2 By Herbert Lash NEW YORK (Reuters) – A gauge of global equities surged on Thursday as Wall Street rallied on hopes the Omicron COVID-19 variant will prove mild and will not halt a strongly recovering U.S. economy, while the dollar edged higher in choppy trading…

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Wall Street ends higher in robust rebound from Omicron-driven rout

© Reuters. FILE PHOTO: The hand of a sculpture of former U.S. President George Washington is pictured with the facade of the New York Stock Exchange (NYSE) in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar By Stephen Culp NEW YORK (Reuters) – A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a shifting pandemic. All three U.S. indexes advanced, with investors favoring value…

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U.S. steps up fight against Omicron as variant marches across globe

3/3 © Reuters. People take coronavirus disease (COVID-19) tests at a pop-up sidewalk testing site in New York, U.S., December 1, 2021. REUTERS/Brendan McDermid/file photo 2/3 By Jeff Mason and Joseph Nasr WASHINGTON/BERLIN (Reuters) – President Joe Biden on Thursday laid out his strategy to fight the coronavirus as the highly contagious Omicron spread across the globe with winter coming and hours after the first known U.S. case of community transmission of the variant was reported. With authorities around the world scrambling to contain Omicron, Biden warned in no uncertain…

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Oil falls, stocks falter on Omicron variant concerns

3/3 © Reuters. FILE PHOTO: Syringes with needles are seen in front of a displayed stock graph and words \”Omicron SARS-CoV-2\” in this illustration taken, November 27, 2021. REUTERS/Dado Ruvic/Illustration/File Photo 2/3 By Herbert Lash NEW YORK (Reuters) – A gauge of global equity markets retreated from early gains on Wednesday as concerns about the first U.S. case of the Omicron variant and sooner-than-expected interest rate hikes next year by the Federal Reserve turned investor sentiment bearish. The major economic sectors on Wall Street earlier were a sea of green…

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S&P 500 in Ugly Close as First U.S. Omicron Case Rattles Markets

© Reuters By Yasin Ebrahim Investing.com – The S&P 500 closed lower Wednesday, after cutting its intraday gains as the U.S. confirmed its first case of the new Omicron Covid-19 strain, triggering a fresh wave of uncertainty across on Wall Street.   The S&P 500 fell 1.2%, and had been more than 1% higher intraday. The Dow Jones Industrial Average fell 1.3%, or 462 points, and the Nasdaq slipped 1.8%. U.S. health officials confirmed Wednesday that the first case of the Omicron variant of Covid-19 was identified in California.  The individual –…

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Wall St turns red as Omicron reaches the United States

© Reuters. FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File Photo By Devik Jain, Ambar Warrick and Sinéad Carew (Reuters) – Wall Street\’s major averages fell more than 1% on Wednesday after a morning rally faded as investor angst about the latest coronavirus variant soared with the first U.S. case confirmation while the market also digested Fed comments on inflation. After having…

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