Markets gripped by Omicron menace

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A wave of risk aversion upset European markets on Tuesday as concerns over the effectiveness of existing Covid-19 vaccines against the Omicron virus left investors on edge.

US equity markets are in the red while bond yields have fallen as market players fled from riskier assets to safe-haven destinations. The Omicron variant has most definitely hijacked the headlines, roiled global markets and darkened the overall mood.

A growing number of countries have reported confirmed cases of the variant, including the United Kingdom, Germany, and Hong Kong among many others. This has led to oil… Read More:

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