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Amid investors’ close monitoring of the ermerging COVID Omicron variant and oil price increase, European stocks were on the rise early on Monday.
A major reason for the Bitcoin plunge can be attributed to the prevailing regulatory opposition.
The US stock market recorded an encompassing resurgence on Thursday after investors came to terms with the fact that the discovered Omicron variants are not as deadly as feared.
Digital payments platform Square changed its name to Block as it is expanding its business scope to more crypto-centric endeavors.
While pharmaceutical outfits will be looking at modifying existing COVID-19 vaccine formulas to combat Omicron, the ensuing lockdown is an indication that the world is bound to have a long ride with this new coronavirus variant.
Meta’s recent stock troubles began after Britain’s Competition and Markets Authority (CMA) blocked the acquisition of Giphy, a major GIF platform.
The Chinese government is currently finalizing a draft that covers new overseas listing rules.
As fears of rising inflation get real, Fed Chairman Jerome Powell admits that it is no more transitory. While the Dollar Index (DXY) surged, everything including Gold, stocks, Bitcoin, and commodities corrected.
The emergence of the Omicron variant and its reported resistance to existing vaccines has adversely impacted global markets.
President Joe Biden said that they won’t impose any lockdowns with the spread of the Omicron Covid variant. Besides, there are no plans for travel restrictions as well.
Although the reason is unclear, Jack Dorsey is expected to leave his position as CEO of Twitter. Parag Agrawal is expected to replace him.
The market has shown a healthy bounceback in the early trading hours on Monday. Apart from COVID variant fears, economists are expecting a healthy bounce back in the economic data.
Crypto investors are largely optimistic about the price of Bitcoin taking a parabolic run despite the general uncertainties the market is currently experiencing.
Crypto crashed as Black Friday sales kicked off. The analyst urges investors to be on guard as Bitcoin price could affect the broader market.
The world is heading into the December shopping era as investors look to gauge consumer optimism across the board.