Omicron Fears Ignite Market Selloff Just as Traders Clear Books
- U.S. futures, Treasury yields pare drop on Moderna news
- Commodity-centric New Zealand, Canadian dollars G-10 losers
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Just as investors were wrapping up this year’s trading, the threat of new lockdowns sent shock waves through markets across the world.
Sentiment in stocks and bonds remained on the back foot, though U.S. stock index futures and 10-year Treasury yields pared declines after Moderna Inc. said a third dose of its Covid-19 vaccine increased antibody levels against the omicron variant.