European markets set to soar at the open despite global concern over omicron variant

LONDON — European stocks are expected to start the new trading week far higher, despite extensive concerns over the newly discovered omicron Covid variant. The U.K.’s FTSE index is seen opening 97 points higher at 7,137, Germany’s DAX 191 points higher at 15,437, France’s CAC 40 up 99 points at 6,824 and Italy’s FTSE MIB up … Read more

Asia-Pacific stocks slip as investors watch omicron Covid variant; oil prices rebound more than 4%

SINGAPORE — Shares in Asia-Pacific largely fell in Monday trade as investors continue to monitor developments surrounding the recently discovered omicron Covid variant. Hong Kong’s Hang Seng index slipped about 0.3%. Hong Kong-listed shares of Chinese tech giant Meituan lost more than 7% after the firm on Friday posted a loss of about 10 billion … Read more

A heavily-mutated Covid variant emerges in southern Africa: Here’s what we know so far

A man enters the headquarters of the World Health Organization (WHO) on June 15, 2021 in Geneva, Switzerland. Sean Gallup | Getty Images The World Health Organization will meet on Friday to discuss a new heavily-mutated variant of Covid-19. The variant known as B.1.1.529 has been detected in small numbers in South Africa, WHO officials … Read more

Do not fear the market, asset manager says as he reveals his 10 best stock picks

Invesco signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Despite the threats from inflation, Covid-19 and central bank policy, stock investors don’t have much to fear in the coming years, according to Invesco Portfolio Manager Randall Dishmon. Source link

IEA chief criticizes artificial tightness in energy markets, says some failed to help cool prices

Petroleum pump jacks are pictured in the Kern River oil field in Bakersfield, California. Jonathan Alcorn | Reuters The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful position to calm soaring oil and gas prices, criticizing “artificial tightness” in energy markets. “[A] factor I would … Read more

Asia-Pacific stocks mixed; Bank of Korea announces rate hike

SINGAPORE — Shares in Asia-Pacific were mixed in Thursday trade as investors reacted to the Bank of Korea’s rate decision. South Korea’s Kospi led losses regionally, dipping 0.54%. The Bank of Korea raised its policy rate by 25 basis points to 1%, a move that was largely expected by analysts in a Reuters poll. Following … Read more

Countries strike deal at COP26 climate summit after last-minute compromise on coal

COP26 President Alok Sharma (L) MP and Patricia Espinosa, Executive Secretary of the United Nations Framework Convention on Climate Change speak at the start of the stock taking Plenary on day thirteen of the COP26 at SECC on November 12, 2021 in Glasgow, Scotland. Ian Forsyth | Getty Images News | Getty Images Negotiators from … Read more

Fed says China’s real estate troubles could spill over to the U.S.

Ornamental statues at China Evergrande Group’s Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — The U.S. Federal Reserve warned Monday of potential spillover from China’s real estate troubles to the U.S. financial system. Since this summer, … Read more

Ethiopia braces for all-out war as rebels advance on capital

People hold lit candles in a memorial service for victims of the Tigray conflict organized by the city administration, in Addis Ababa, Ethiopia, on November 3, 2021. Minasse Wondimu Hailu/Anadolu Agency via Getty Images A year after fighting began in Ethiopia’s northern Tigray region, rebel forces are now advancing on the country’s capital as the … Read more

Shares of China properties listed in Hong Kong fall, as Kaisa and its units are suspended

SINGAPORE — Stocks in Asia-Pacific were mixed in Friday trade as shares in Hong Kong led losses among the region’s major markets. Hong Kong’s Hang Seng index dropped 1.6% in early trade. Mainland Chinese stocks also retreated, with the Shanghai composite down 0.37% while the Shenzhen component shed 0.14%. Shares of Chinese property developers in … Read more