Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Just one trading day in the City until Christmas, and investors are straining to see signs of the fabled Santa Rally. US stocks rallied last night, as traders took heart from mounting evidence that the Omicron variant of coronavirus is milder. The S&P 500 closed at a record high - it’s 68th this year - and European markets staged their own rally on Thursday.
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