Stocks, oil tumble on virus variant fears, safe havens gain

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Global stocks tumbled as reports of a new coronavirus variant sent investors scurrying to safe haven assets

fell 2.2%, its sharpest drop since August. Casino and beverage shares were hammered in Hong Kong, while travel stocks dropped in Sydney and Tokyo.Giles Coghlan, chief currency analyst at HYCM, a brokerage, said the closure of the U.S. market for the Thanksgiving holiday on Thursday had exacerbated moves.

As investors dashed for safe-haven assets, the yen jumped more than 1% to around 113 per dollar, having languished earlier this week at five-year lows.The single currency, however, fell to near 6-1/2 year lows against the Swiss franc at 1.044 francs per euro. South Africa's rand fell 2% to a one-year low and its 2030 bond yield soared 25.5 basis points . Bond yields move inversely to price.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

another covidvariant winter.

The Umbrella corporation scurrying to Racoon City. Resident Evil investors rely on their plan to eliminate resistors to Authoritarian Dictatorships on both sides of the tracks, left or right. A thousand years of non progress in which they will never be a part of.

They aren't investors. They are pirates. Greedy profiteers. Sharks. Investors would apply forward thinking and invest into countries or companies to lift them quickly out of misery. Pirating leads to global destabilisation. These 'people' should be locked up forever.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dollar Hovers Close to Latest High; Global Stocks MixedInternational stocks were mixed in the wake of strong U.S. labor market data and signs of greater uncertainty among central bank officials over how long it will take elevated inflation to abate.
Source: WSJ - 🏆 98. / 63 Read more »

Stocks fall as new Covid variant spooks investors – latest updatesLatest on the global Covid19 crisis: 🦠 Stocks tumble as new variant spooks investors 🇧🇷 Brazil 🇲🇽 Mexico lodge hundreds of new fatalities 🇲🇦 Morocco to suspend flights with 🇫🇷 France For more: Scientists say new Covid19 variant most significant yet found. Other updates: 🇪🇺 EU proposes banning flights from southern Africa 🇬🇧 UK suspends flights from 6 African nationS 🇦🇺 Australia investigates new variant For more:
Source: trtworld - 🏆 101. / 63 Read more »

Stocks slip, havens rally as new COVID-19 variant spooks investorsStocks fell and headed for their largest weekly drop in nearly two months on Friday, while safe haven assets such as bonds and the yen rallied as a new virus variant added to swirling concerns about future growth and higher U.S. interest rates.
Source: Reuters - 🏆 2. / 97 Read more »

Stocks lurch lower, bonds jump as virus variant spooks investorsStocks suffered their sharpest drop in three months in Asia on Friday and oil tumbled after the detection of a new and possibly vaccine-resistant coronavirus variant sent investors scurrying toward the safety of bonds, the yen and the dollar. wow Get it straight, investors aren’t spooked, speculators are
Source: Reuters - 🏆 2. / 97 Read more »