Insights
Omicron still remains the topic of the day, markets shrugging off nervousness
Equity markets on both sides of the 49th parallel seem to have shrugged off the Omicron blues, the Dow is up 1.87% and the TSX is up 1.7%, implying that Western economies will likely survive and continue to grow. That is to say, yes the Omicron variant is a concern but health authorities seem to […]
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By MoneyWay
Markets ignoring economic data, new Covid variant, Omicron, causing renewed concerns
Markets this morning were already in negative territory and then Fed Chairperson Powell announced that the board will be discussing speeding up its bond buying tapering (removing cash from the system sooner than later). It now appears that the Fed has realized that inflation is now an obstacle to contend with, rather than a speed […]
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Equities have regained some of Friday’s losses on Biden’s comments
Equities rebounded after President Biden said economic lockdowns are off the table, giving investors a sense of relief as no one was sure which way governments were going to act. That being said, the World Health Organization (WHO) said on Monday the Omicron coronavirus variant carried a very high risk of infection surges as more […]
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Black Friday sale on equities and commodities!
Assets are cheaper today than yesterday, a combination of, thin trading, early close, no senior staff, and the news of a heavily-mutated Covid variant spooked markets greatly. One of the biggest losers is oil prices, West Texas Intermediate is down over $9 USD a barrel, down 11.62%, other commodities are down but as severely. Equities […]
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U.S Government wans other governments to release a portion of their oil reserves, prices go down and then move higher
The U.S. administration will withdraw from the Strategic Petroleum Reserve as part of a global effort from energy-consuming nations to calm 2021′s rapid rise in fuel prices. This included not only the U.S. but also India, China, Japan, Republic of Korea and the United Kingdom. The U.S. will endeavour to release 50 million barrels of […]
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Markets edgy as Austria imposes national lockdown, indications that Germany may follow as well
The Austrian government has placed the country in a total lockdown while Germany warned it may do the same. Europe has again become the epicentre of the pandemic, accounting for half of global cases and deaths. A fourth wave of infections has plunged Germany, Europe’s largest economy, into a national emergency. A touch of irony, […]
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