Friday, 3 December 2021

Reuters Business: Wall St ends lower on Omicron worries, Fed taper angst

Wall St ends lower on Omicron worries, Fed taper angst

Wall Street's major indexes closed lower on Friday, with the Nasdaq leading the declines as investors bet that a strong jobs report would not slow the Federal Reserve's easing of support all while they grappled with uncertainty around the Omicron coronavirus variant.

Omicron variant likely to usher growth downgrades -IMF's Georgieva

Global economic growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina Georgieva said on Friday.

U.S. dollar net longs jump to highest since mid-June 2019 - CFTC, Reuters data

Speculators' net long positioning on the U.S. dollar in the latest week soared to its highest level since mid-June 2019, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

Fed's Powell met with more lawmakers as renomination hung in the balance

U.S. Federal Reserve Chair Jerome Powell met with more lawmakers in October than in any month since February, his calendar published Friday showed, as President Joe Biden weighed whether to ask senators to approve Powell's renomination or pick someone else to lead the central bank.

Nasdaq tumbles as investors balance mixed data against virus worries

Wall Street's major indexes fell in choppy trading on Friday, with the Nasdaq falling more than 2%, as investors digested mixed economic data and grappled with uncertainty around the potential impact of the Omicron coronavirus variant.

Omicron-fuelled volatility deals hedge funds worst monthly return since March 2020

Omicron-fuelled market swings appear to have made November the worst month for global hedge fund performance since the virus first shut down economies at the start of the COVID-19 pandemic.

Stocks, yields slide after U.S. jobs report as Omicron looms

Global equities and benchmark U.S. bond yields tumbled on Friday in volatile trade after data showed U.S. job growth slowed considerably in November and the Omicron variant of the coronavirus kept investors on edge.

China's Kaisa starts talks with bondholders as default threat looms

Chinese property developer Kaisa Group Holdings Ltd has begun talks with some of its offshore bondholders over extending the deadline for a $400 million debt repayment due next week, two sources with direct knowledge of the matter said.

UK North Sea's oil and gas future darkens after Shell's Cambo exit

Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another private equity-backed company, NEO, sources told Reuters.

Nasdaq dives over 2% as tech stocks slide at end of volatile week

Wall Street's major indexes fell in choppy trading on Friday, with the Nasdaq tumblingmore than 2%, as mixed jobs data, uncertainty around the Omicron coronavirus variant and the path of the Federal Reserve's policy tightening weighed.

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