Today’s Trading Playbook
KEY THEMES
Global markets had to deal with a tough Wednesday, as U.S. equities slipped notably across the board. This came after World Health organization had stated that at least twenty three countries in five of six regions have reported cases of omicron, expecting that number to grow. In addition to this, the market had to deal with the first confirmed case of the Omicron variant of COVID-19 identified in California. Furthermore, U.S. futures are modestly in the green, where other global futures indices are a mixed bag. We note that Brent oil has briefly breached the USD70/bbl level lower before rebounding back above it once again. We stated before that volatility in global markets is here to stay through the end of 2021, helped by the overall state of confusion between investors, coupled by elevated asset prices.
Now, on to the top news and analysis for the day.