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

Covid developments to rule the market once again in the week ahead after Friday’s rout

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2021. Brendan McDermid | Reuters Uncertainty about a new emerging coronavirus strain could continue to spook markets, just as Friday’s employment report and other data in the week ahead show the economy has been getting stronger. … Read more

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