Eurozone stock markets ran out of steam before key interest rate decisions this week.
The Omicron coronavirus variant is spreading around the world, fuelling worries about global economic recovery.LONDON - Eurozone stock markets ran out of steam before key interest rate decisions this week, although UK shares were buoyed by upbeat labour market data.
World oil prices retreated on fears over the effect on demand of the surge in new coronavirus infections, after rebounding sharply last week. At the same time, however, many investors fear that the Omicron variant could throw the global recovery into jeopardy."Investors should expect stock markets to be volatile in remaining days of the week as central banks of massive economies like the United States, Europe, and England are expected to communicate their monetary policies," said AvaTrade analyst Naeem Aslam.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covid-19 update: Omicron spreads faster and weakens jabs- WHOSouth Africa's Covid-19 positivity rate increases again from 22.8 % to 28.9%.
Read more »
G7 warns Russia of severe consequences if Ukraine attackedBritish foreign secretary Liz Truss calls foreign ministers' meeting in Liverpool ‘a show of strength’
Read more »
New Caledonians vote to remain French amid stayaway by separatistsMore than 96% oppose independence in low turnout after indigenous leaders called for boycott
Read more »
TRIBUTE | Lindiwe Mabuza was a feminist icon who used art to fight for democracy | ArtsShe was called ambassador, diplomat, feminist, poet, writer, freedom fighter, leader and educator, amongst others.
Read more »
EDITORIAL: Omicron and the grim repo: did Bank jump the gun?On November 18, it hiked the repo rate, but would it have done so a week later, when Omicron became a reality?
Read more »
Rand holds steady while JSE poised to ride global market rallyCurrency firm at R15.95/$ as Hong Kong’s Hang Seng and Japan’s Nikkei 225 rose amid upbeat US stock futures
Read more »