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HONG KONG: Asian stocks and major currencies paused for breath on Thursday as markets struggled to find direction in the absence of solid information about the Omicron variant of the new coronavirus, which led to divergent trade in U.S. and European share futures.
KUALA LUMPUR: The ringgit retreated further against the US dollar at opening today, as the greenback continued to strengthen amid a rush to safe-haven assets.
NEW YORK: A gauge of global equity markets retreated from early gains on Wednesday as concerns about the first U.S. case of the Omicron variant and sooner-than-expected interest rate hikes next year by the Federal Reserve turned investor sentiment bearish.
The Fed chair’s testimony to the Senate Banking Committee indicates a shift to inflation-fighting mode.
VIENNA (Reuters) - Iran has started the process of enriching uranium to 20% purity with advanced centrifuges at its Fordow facility buried inside a mountain, the U.N. nuclear watchdog said on Wednesday, a move likely to raise tensions at talks on Iran's 2015 nuclear deal.
Asian shares were mixed on Wednesday amid nervous trading due to worries over the newest coronavirus variant.
KUALA LUMPUR: The FBM KLCI remained in the red at midday break amid an ongoing selldown as investors reacted to the US Federal Reserve chairman's comments that bonds purchasing might be cut back ahead of schedule.
HONG KONG (AFP): Asian markets mostly rose Wednesday (Dec 1) while oil prices bounced as traders assess the outlook for the global economy after top drugs makers offered differing opinions on their vaccines' efficacy against Omicron and the Federal Reserve took a hawkish pivot on monetary policy.