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Concerns about Omikron variant grip stock exchanges

Photo: ANP

Stock exchange trading on Damrak will remain in the grip of concerns about the new corona variant Omikron on Tuesday. After the tentative recovery from the day before, investors seem to be selling their shares again due to fears that the existing vaccines will not work as well against the Omikron variant.

The negative vote follows statements by CEO Stéphane Bancel of the American pharmaceutical and vaccine maker Moderna. Bancel told the British business newspaper Financial Times that he expects current vaccines to be less effective against the new corona variant. He also stated that it could possibly take months to develop and produce a new vaccine that does work well against the variant.

Based on the opening indicators, the AEX index on Beursplein 5 appears to be more than 1 percent lower on the last day of November. Elsewhere in Europe, the markets are also expected to open with significant losses. Futures for the stock exchanges in New York are also currently pointing to strong opening losses for Wall Street.

In the Asian region, major stock markets declined for the most part on Tuesday. In Tokyo, the Nikkei again closed 1.6 percent lower and the Hang Seng index in Hong Kong was down more than 2 percent in the meantime. The stock indicator in Shanghai limited the loss to 0.1 percent, thanks in part to an unexpected growth in activity in Chinese manufacturing in November after contracting in October.

Among the companies, SBM Offshore announced that it has signed a definitive contract with Brazilian Petrobras for the use of the storage and production vessel Alexandre de Gusmão. A letter of intent was signed in August. The contract has a term of 22.5 years. The vessel will be deployed by Petrobras at the Mero oil field in the Santos Basin, about 160 kilometers off the coast of Arraial do Cabo in the state of Rio de Janeiro.

Fastned announced that it has opened its first four fast charging stations for electric cars in France. With this, the fast charging company adds a sixth country to its European network. In the coming weeks, Fastned will open another five charging stations in France.

The euro was worth $1.1323, against $1.1262 a day earlier. Oil prices fell again after the rebound on Monday. A barrel of US oil was 3.3 percent cheaper at $67.74. A barrel of Brent oil fell 3.6 percent in price to $ 70.83.



Concerns about Omikron variant grip stock exchanges
Source link Concerns about Omikron variant grip stock exchanges

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