30th November 2021 Morning Report

U.S. stocks markets rebounded from the worst session of the year, following the Omicron Covid -19 variant news, as reports filtered through, that it may not be as bad as initially thought. The Dow Jones Industrial Average rose 0.88%, while S&P 500 and Nasdaq Composite recovered 1.53%% and 1.54%, respectively. 

Benchmarks in London, Frankfurt and Paris rose by midday. Indexes in Shanghai, Tokyo and Hong Kong ended lower, though losses were a lot lower than Friday’s.

Oil also rebounded over 6%, before pulling back, leaving the WTI oil price at the $69.61 per barrel level, up 2.14%.  The Gold price was trading at US$1786.10 per ounce, up 1.54%.

The yield on the US 10 – year note was at 1.516%, while the 2 - year treasury was at 0.510%.

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