Skip to content

Five Things You Need to Know to Start Your Day

Volatility spikes have been buying opportunities this year

Markets catch their breath, omicron uncertainty, and oil regains some ground. 

Global markets are recovering some composure after they were sent into a tailspin on Friday by the emergence of the omicron Covid variant. While U.S. futures are rising and Europe’s Stoxx 600 Index had gained 1% by 5:50 a.m. Eastern Time, the moves higher are still falling short of recovering Friday’s losses. Overnight the MSCI Asia Pacific Index dropped 0.9% as investors in the region caught up with the selloff. The bond market is also seeing some reversal of the rush to safety with the 10-year Treasury yield rising to 1.529%. Gold was back under $1,800 an ounce while Bitcoin rallied.