(IHS Markit) The US posted a Composite Output Index of 50.8, an eighteen-month low and down from 57.0 in December. Services Business Activity Index was at an eighteen-month low of…
(Department of Labor) Americans filed 286,000 jobless claims in the week that ended January 15, up by 55,000 from the previous week, reflecting rising impacts of the Omicron variant. At…
(Valneva) Three doses of inactivated Covid-19 vaccine of biotech company Valneva have been found to have an 87% effectiveness against the Omicron variant. The vaccine candidate, VLA2001, which also carries…
(IHS Markit) Eurozone’s Composite Output Index was at 53.3 in December, the lowest since March and below 55.4 in November. The decline in the output index reflected a resurgence of…
(Reuters) Oil prices expanded gains on Tuesday, with Brent crude trading close to $80 per barrel despite the increased spread of the Omicron variant, attributable to supply outages. Brent crude…
(Novavax) Shares of Novavax Inc. rose more than 5% in premarket on Thursday after preliminary findings showed that its Covid-19 vaccine produced strong immune responses against the Omicron. Novavax says…
(Bloomberg) Losses sustained in industry-wide rout led by commodity and financial markets are setting the US S&P 500 for the biggest three-day losses since May. The S&P 500 extended declines…
(Moderna) Moderna Inc. has announced that the currently authorized 50 µg booster dose increased neutralizing antibodies against the Omicron by about 37 times. The 100-µg dose raised the neutralizing antibodies…
(IEA) The International Energy Agency expects the emergence of the Omicron variant to only slow down oil demand recovery, with impacts relatively muted. IEA says Omicron is likely to ease…
(NBC News) Researchers drawn from the Africa Health Research Institute have found about a fortyfold reduction in Pfizer-BioNTech vaccine-induced antibodies against the Omicron Covid variant. The researchers found that Omicron…
(Bloomberg) JPMorgan strategists say the Omicron variant will not derail the stock rally, expecting S&P 500 to gain up to 9% by the end of 2022. The strategists foresee a…
(FT) The European Stoxx 600 share index, Germany’s Dax, and the UK’s FTSE 100 plunged about 1.3% on Tuesday after Moderna CEO said existing vaccines could struggle with the Omicron…