The manufacturer of one of the Covid-19 vaccines, Moderna, has expressed doubts that the vaccines will be effective against the new variant of the coronavirus, Omicron, as well as against the previous variant of Delta. Read more.
Tags : brent crude
Such a movement would indicate that oil is getting cheaper and the Norwegian krone is strengthening. The decline in Brent quotes is caused by an increase in the number of new cases of Covid-19 in Europe and, in particular, in Germany, Britain and Austria. Read more.
Negativity rampaged throughout the markets last week as strong selloffs in the Nasdaq, Dow and S&P indicated that there’s a risk-off approach being taken by investors following Powell’s hawkish statements with regards to tapering that is more than likely set to be announced during next month’s FOMC meeting. Read more.
The sharp decline in Brent Crude over the last month was noticeable following the market shifting rally soon after the Pfizer(PFE) vaccine announcement that saw the price rally from $36.60 last year November to a post-pandemic high of $77.49 as expectations of a global economy was taken into account. Read more.
As the U.S. dollar rose and new coronavirus-related restrictions in Asia, especially China, made the market nervous, oil prices fell more than 3% on Monday. Read more.
The rand traded stronger during Monday’s European session, although EM currencies in general were muted as a slew of lacklustre PMI readings weighed on sentiment, according to NKC Research. Read more.