Markets are looking beyond the spread of the Omicron variant as a slew of central bank decisions are due
London — European shares rose on Tuesday, bucking the weakness in Asia and on Wall Street, as investors looked beyond the spread of the Omicron coronavirus variant and sought to buy any dip in stock prices ahead of a slew of central bank decisions this week.
But investors appear happy to “buy the dip” and move back into stocks, though volumes have also been lower in recent weeks with many traders reluctant to take on new positions before year end after a very strong rally in 2021. Hong Kong’s Hang Seng index weakened 1.55%, also dragged down by persistent concerns about the health of China’s property sector.The Fed on Wednesday is expected to signal a faster wind-down of its $120bn monthly bond-buying programme to fight a high rate of inflation, which could move it one step closer to raising interest rates.
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