Asset classes from oil to equities are near or above recent highs, having clawed back losses from late November, when the Omicron variant of COVID-19 sent investors scurrying for safety.
Europe’s STOXX 600 equity benchmark added 0.5%.Japan’s Nikkei rose 1.4% to a one-month high and MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5%. In Europe, the British government said England would not get any new COVID-19 restrictions before the end of 2021, while the French government said it would tighten measures, though there will be no curfew for New Year’s Eve and schools will reopen as planned in early January.
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