LONDON—Oil prices eased after early gains on Thursday after measures by some governments to slow the spread of the Omicron coronavirus variant, though losses were capped by comments from vaccine makers about the efficacy of their jabs. Brent crude futures fell 47 cents, or 0.6 percent, to $75.35 a barrel by 1004 GMT after touching…
Oil Slips After Restrictions to Counter Omicron Variant
December 9, 2021
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Global Stocks Higher as Investors Await US Inflation
December 9, 2021
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BEIJING—Global stocks were mostly higher Thursday as investors waited for U.S. inflation data that might influence the Federal Reserve’s decision on when to roll back economic stimulus. London and Frankfurt opened higher while Tokyo declined. Shanghai, Hong Kong, and Seoul also advanced. Wall Street futures were lower after stocks rose for a third day Wednesday…
Wall Street Mixed as Omicron Worries Cloud Vaccine Update
December 8, 2021
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U.S. stock indexes struggled for direction on Wednesday after a strong start to the week, as investors digested a fresh update on Pfizer and BioNTech’s COVID-19 vaccine, while the fast-spreading Omicron variant kept bigger bets in check. Pfizer and BioNTech said their three-shot course of COVID-19 vaccine was able to neutralize the new Omicron variant…
Oil Steadies Near $75 as Investors Assess Omicron’s Impact
December 8, 2021
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LONDON—Oil prices steadied near $75 a barrel on Wednesday, taking a breather after strong gains earlier this week, as investors continued to assess the impact of the Omicron coronavirus variant on the global economy and fuel demand. Brent crude futures dropped 19 cents, or 0.25 percent, to $75.25 a barrel at 0925 GMT, after settling…
World Shares Mostly Higher as Virus Fears Ease
December 8, 2021
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BANGKOK—Stocks advanced Wednesday in Asia after another broad rally on Wall Street as investors wagered that the new variant of the COVID-19 virus won’t pose a big threat to the economy. Shares rose in Paris, London, Tokyo, and Shanghai but fell in Frankfurt as Germany’s parliament elected Olaf Scholz as the country’s ninth post-World War…
Burundi Prison Fire Kills 38 Inmates, Injures Dozens More: Vice President
NAIROBI—At least 38 inmates were killed and dozens more injured in a fire on Tuesday at the main prison in Burundi’s capital Gitega, the country’s vice president said. Twelve died of asphyxia as they tried to flee the burning buildings and 26 died of severe injuries, Vice President Prosper Bazombanza told reporters at the Gitega Prison…
Beijing Grows Its Propaganda Activity in Africa
December 7, 2021
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Commentary Beijing has Africa in its sights because the continent has the resources it needs to realize its great power ambitions. Consequently, huge energy has been invested into growing the Belt and Road’s penetration into Africa. The core focus of Belt and Road in Africa has been the building of railways, roads, ports, airports, and…
Commodity Currencies Boosted by Hopes Omicron Will Be Mild
December 7, 2021
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LONDON—The dollar index was steady and riskier currencies picked up on Tuesday, as traders bet that the Omicron variant of COVID-19 would not be as severe as previously expected. Asian shares staged a recovery overnight and oil prices climbed as risk appetite improved following reports in South Africa earlier in the week saying that Omicron…
Oil Climbs More Than 2 Percent on Easing Omicron Fears, Iran Delay
December 7, 2021
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LONDON—Oil prices extended gains on Tuesday from a near 5 percent rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased and Iran nuclear talks stalled, delaying the return of Iranian crude. Brent crude futures were up $1.66, or 2.3 percent, at $74.74 a barrel by…
Global Stocks Follow Wall Street Higher as Virus Fears Ease
December 7, 2021
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BEIJING—Global stock markets followed Wall Street higher Tuesday as anxiety about the coronavirus’s latest variant eased and China reported stronger November trade figures than expected. London and Frankfurt opened higher. Shanghai, Tokyo, and Hong Kong advanced. Oil prices rose more than $1 a barrel for a second day. Wall Street futures were higher after the…
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