LONDON—Oil prices were steady on Wednesday as fears of tight supply were offset by COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases. U.S. West Texas Intermediate (WTI) crude futures were unchanged at $71.12 a barrel at 1250 GMT after jumping 3.7 percent…
Wall Street Set for Mixed Open as Investors Weigh Up Omicron Impact
LONDON—European shares edged higher on Wednesday and U.S. stock futures pointed to a mixed open for Wall Street, as more countries announced restrictions to reduce the spread of the Omicron variant but investors bet that the impact would be limited. Europe’s STOXX 600 was up 0.1 percent on the day 1232 GMT and the MSCI…
Futures Little Changed Amid Lingering Omicron Worries
U.S. stock index futures struggled for direction on Wednesday, cooling off after a day-earlier rally, as worries lingered about the new Omicron variant of the coronavirus and its impact on global economic recovery. Wall Street’s main indexes ended with hefty gains on Tuesday, but few market-moving catalysts and thin volumes in the last two weeks…
Global Stock Markets Rise After Wall Street Rebounds
BEIJING—Global stock markets rose Wednesday with markets optimistic that the Omicron coronavirus variant would only have a limited economic fallout. Shanghai, Frankfurt, Tokyo, and Hong Kong advanced. London opened lower. Wall Street rose after President Joe Biden announced Tuesday the government will provide rapid-test kits and increase vaccination efforts but gave no indication of plans…
Wall Street Set to Rebound After Sharp Selloff as Nike, Micron Lead Gains
Wall Street’s main indexes were set to rise on Tuesday, following a steep selloff in the previous session, as strong quarterly earnings from Nike and a positive forecast from chipmaker Micron helped lift sentiment. A rapidly spreading Omicron variant of the coronavirus has rattled stock markets around the world, triggering major routs in the final…
Dollar Recovers Some Overnight Losses; Euro Extends Gains
LONDON—The U.S. dollar recouped some overnight losses and the euro gained for a second day on Tuesday as risk sentiment recovered partially after a selloff in global markets. Major currencies held within well-worn trading ranges, however, as a surge in cases of the Omicron coronavirus variant forced countries to reimpose restrictions, raising concerns over the…
Oil Prices Rise but Omicron Worries Linger
LONDON—Oil prices rebounded on Tuesday after a sharp fall in the previous session as investors’ appetite for risk improved, although they remained cautious amid the rapid spread of the Omicron coronavirus variant across the globe. Brent crude was up 84 cents, or 1.2 percent, at $72.36 a barrel by 1117 GMT, and U.S. West Texas…
Global Stocks Gain as Appetite for Risk Stages Comeback
LONDON/HONG KONG—World shares gained on Tuesday as investors weighed up the extent to which the Omicron coronavirus variant would hit economies around the world, with the dollar softening as appetite for riskier assets made a cautious return. The broader Euro STOXX 600 rose as much as 1.1 percent. German DAX’s added 0.8 percent, with London’s…
Stocks, Oil Falter on Omicron, Biden Spending Plan Setbacks
NEW YORK—U.S. stocks fell by more than 1 percent on Monday, pressured downward by surging Omicron coronavirus cases and a possible fatal blow to a $1.75 trillion U.S. domestic spending bill, with oil prices sliding more than 3 percent. U.S. stock indexes retreated more than 1 percent as positive COVID-19 case counts rose, Britain warned…
Wall Street Falls as Omicron’s Spread Stokes Fears of Tighter Curbs
U.S. stock indexes fell more than 1 percent on Monday, dragged by concerns about the impact of tighter COVID-19 curbs on the global economy, and a potentially devastating setback to President Joe Biden’s investment bill. Surging global infections of the Omicron coronavirus variant have sparked worries in financial markets as many European nations and Britain…
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