Month: December 2021

Omicron, dollar gains stall world stocks’ rally

LONDON, Dec 30 (Reuters) – A seven day rally in world stocks ran out of steam on Thursday as the spread of Omicron worldwide clouded bumper year-to-date gains, dented oil prices and boosted the dollar. Sentiment was supported, however, by signs that governments, despite coronavirus cases hitting record highs, are trying to limit the economic […]
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World shares take their cue from stronger Wall Street

MILAN, Dec 28 (Reuters) – European and Asian stocks inched higher on Tuesday, helped by another record-setting day on Wall Street and after Britain and France held off from imposing more COVID curbs before year-end. Asset classes from oil to equities are near or above recent highs, having clawed back losses from late November when […]
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Gold dips on dollar bounce; Omicron fears cap losses

Dec 27 (Reuters) – Gold prices slipped in thin trade on Monday as the U.S. dollar rebounded, though bullion was still hovering close to a one-week high as concerns over the Omicron coronavirus variant increased safe-haven demand. Spot gold was down 0.2% at $1,804.49 an ounce by 1326 GMT but remained above the $1,800 reached […]
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Oil prices ease, focus shifts to next OPEC+ move

LONDON, Dec 24 (Reuters) – Brent crude futures snapped a three-day rally on Friday in light trading before the Christmas holidays but the benchmark was still headed for a weekly gain, with the market focusing on next steps by OPEC+ and the impact of the Omicron variant. Brent crude futures fell 75 cents, or 1%, […]
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