Global equity funds saw massive inflows as risk sentiment returned with investors believing that the Omicron variant won’t bring a big setback to the world economy next year. According to Refinitiv data, investors purchased $33 billion worth of global equity funds in the week ending Dec. 22, compared with an outflow of $13.1 billion in…
Fading Omicron Concerns Set Up Shares for Weekly Gain, Dent Dollar
MILAN/HONG KONG—Stock markets in Europe and Asia cemented gains in light holiday trade on Friday, while the safe-haven dollar eased on signs the Omicron variant would not significantly derail global economic growth. The greenback was set for its worst week in four months while other risk-friendly assets from bitcoin to the Australian dollar held onto…
World Shares Extend Gains in Thin Pre-Christmas Trading
BANGKOK—World shares were higher Thursday after stocks advanced on Wall Street, lifted by encouraging reports about the potential impact of the omicron variant of coronavirus and stronger U.S. economic data. Major indexes are on track for a Christmas week gains, with trading thinning as the holidays approach. Many world markets will be closed Friday in…
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…
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…
Global M&A Activity Smashes All-Time Records to Top $5 Trillion in 2021
LONDON/HONG KONG—Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that was set nearly 15 years ago, as an abundance of capital and sky-high valuations fuelled frenetic levels of dealmaking. The value of M&A globally topped $5 trillion for the first time ever, with volumes rising 63 percent…
Global Stocks Fall on Virus Concern, Tighter Fed Policy
BEIJING—Global stock markets and Wall Street futures tumbled Monday amid concern about the latest coronavirus variant and tighter Federal Reserve policy. London and Frankfurt opened sharply lower. Shanghai, Tokyo, and Hong Kong also fell at the start of a trading week that will be shortened by Christmas. Benchmark U.S. oil fell by more than $3…
Stocks Slide, Safe Havens Gain as Omicron Worries Weigh
NEW YORK—Global stock benchmarks and oil prices fell on Friday while safe havens such as the dollar and Treasury bonds rose as investors wrestled with a hawkish turn from major central banks in the fight against inflation and rising numbers of Omicron cases. Asian shares closed near lows for the year and broad-based European stock…
Oil Steady but Omicron Risks Weigh
LONDON—Oil was steady on Monday, but new concerns about the Omicron coronavirus variant and doubts around the effectiveness of vaccines against it were weighing on prices. Brent was up 6 cents, or 0.1 percent, at $75.21 a barrel by 0947 GMT, and U.S. West Texas Intermediate (WTI) gained 9 cents, or 0.1 percent, to $71.76…
Global Stocks Follow Wall Street Lower Before US Inflation Data
BEIJING—Global stock markets declined Friday ahead of U.S. inflation data that might influence a Federal Reserve decision on when to roll back economic stimulus. London and Frankfurt opened lower. Shanghai, Tokyo, and Hong Kong retreated. Fed officials, due to meet next week, have said plans to wind down bond purchases and other stimulus that is…
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