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Five Things You Need to Know to Start Your Day

S&P 500 was back to pre-omicron level in 8 days

Investors await inflation data, Evergrande defaults, and Bitcoin is back to full power. 

Investors are bracing for tomorrow’s U.S. inflation number. Upcoming central bank decisions next week are also in focus, with the Federal Reserve expected to announce a faster pace of tapering while the European Central Bank may give guidance on plans for the end of its pandemic asset-purchase program. While investor concerns over the severity of the omicron variant have largely eased, governments continue to take measures to stop the spread of the virus. Bloomberg Economics estimate that new work-from-home guidance in the U.K. could cost the country’s economy £2 billion ($2.6 billion) a month.