However, the airline was bullish about a recovery in passenger levels, predicting 70 per cent of pre-Covid 2019 levels in the second quarter and a near total recovery by the summer.Įasyjet was bullish about a recovery in passenger levels, predicting 70 per cent of pre-Covid 2019 levels in the second quarter and a near total recovery by the summer. Meanwhile, travel stocks shed 1.1 per cent, with British airline easyJet trading nearly flat after reporting softer demand in the first quarter following the emergence of the Omicron variant. Brent crude fell 3 per cent to $71 a barrel, pulling down energy stocks like BP and Shell by more than 1 per cent in early trade," said Ms Streeter. "Energy stocks and banks are among the biggest fallers as investors worry about the economic effect of Omicron, as it risks dampening down demand and becoming a significant set-back for global economy. Oil stocks fell 1.6 per cent, tracking a drop in crude prices and bank stocks sank 1.6 per cent to their lowest in more than two months. Germany's DAX, France's CAC 40 and UK's FTSE 100 fell between 1.1 per cent and 1.5 per cent in early trading. Read more: /j64Y0DuR7a- Moderna November 26, 2021Įuropean stocks fell more than 1 per cent on Tuesday with the pan-European STOXX 600 dropping 1.3 per cent by 8.15am London time to hit its lowest levels in nearly seven weeks. We just announced our strategy to address the omicron (B.1.1.529) SARS-CoV-2 variant. "It’s not known just how less effective they may be, and the waiting game continues as scientists scramble to assess the new variant, but amid this state of uncertainty, nervousness is high, with the FTSE 100 falling 1 per cent in early trade." "Investors are now strapping themselves in for a volatile ride anxious for any further news which could lift sentiment or send it plunging again, such as the comments from Moderna’s chief executive that current vaccines will struggle with Omicron because of the high level of mutations on the spike protein," said Ms Streeter.
Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said the roller coaster ride has resumed on the financial markets following Monday's rally. His definitiveness appeared to spook markets, with stocks in Asia retreating along with US and European index futures and crude oil. But all the scientists I've talked to . . .
I just don't know how much because we need to wait for the data.
"I think it's going to be a material drop.
0 kommentar(er)
