Concerns over the new variant of the new coronavirus, Omicron, have weakened slightly, and stock prices in Europe and the United States have rebounded. However, the S & P 500 stock index did not recover all of the decline last weekend, and the Canadian stock index, which was confirmed to be infected with Omicron stocks in Ottawa, was conspicuously high. Can US stocks remain resilient even when infected people are identified in the United States? Below are five news items to keep in mind as you start your day.
Strong infectivity / mild symptoms
who(WHO) warned that Omicron could lead to a rapid spread of the infection with “significant consequences”. South African scientists have pointed out that it seems to be highly contagious, but that existing vaccines are likely to prevent the disease from becoming more severe.Of the countryDoctors said the symptoms of patients with this mutant were milder than those of patients with the Delta mutant.
Biontech of Germany and Moderna of the United States will use the new corona vaccine developed by both companies as Omicron.We are proceeding with efforts to make it correspond. According to Biontech, vaccines that are effective against new mutants can be prepared within 100 days if needed.US President Joe Biden said he is not currently envisioning any new travel restrictions or economic blockades such as shutdowns and lockdowns this winter.
Twitter has revealed that Jack Dorsey has decided to retire from the CEO. The company’s board of directors unanimously nominated Parag Agrawal as the new CEO and board member. Mr. Agrawal will soon become CEO. He has been with Twitter for over 10 years and has been Chief Technology Officer (CTO) since 2017.
Is supply expansion postponed?
“The Organization of Petroleum Exporting Countries (OPEC) and major non-member oil producing countries”OPEC Plus, when discussing the impact of Omicron on the oil market at this week’s meeting, revealed that Russia’s Deputy Prime Minister Novak has reiterated the possibility of forgoing supply expansion scheduled for January next year. On the other hand, the United States has strategic petroleum reserves as needed (A senior Biden administration official reiterated that he was ready to release additional SPR).
Opinions of policy committee members
French Central Bank Governor Bill Roy de Gallow, a member of the European Central Bank (ECB) policy committee, said Omicron would not significantly change the economic outlook. He said the economic impact of the wave of spread of the new corona has diminished over time.Also a member of the policy committee“The rise in inflation is largely driven by certain pandemic-related factors, and we can expect the impact to remain or disappear in the next year,” said Dekos, the governor of the Spanish central bank.
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