Risk sentiment has been hit hard by the new and more evolved Covid-19 variant first detected out of South Africa. Asian and European markets are firmly in the red with hospitality and travel stocks taking the brunt of the losses. Safe haven currencies are in demand with the yen, swissie and USD being bought. Investors are shooting first and looking for answers later with this worrying news.
Early indications suggest the new variant has shown a high number of mutations and this has the potential to make the current vaccines less effective. Further evidence on the Covid strain is still… Read More:
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