European stocks are expected to open in positive territory on Thursday as investors continue to monitor developments around the omicron Covid variant.
Global markets have rallied in recent days as traders bet that the omicron Covid variant's economic impact won't be as severe as initially thought. Still, some experts have urged caution, saying there are still unknowns about the variant.
U.S. stock index futures were little changed during overnight trading on Wednesday, after the major averages posted a. Asia-Pacific markets traded mixed Thursday as investors assessed risks surrounding the omicron variant. While preliminary evidence from South Africa, where the variant was first identified, may suggest that omicron is milder than the delta strain, the World Health Organization's technical lead on Covid-19 said Wednesday it's "too early to conclude" that.Stock picks and investing trends from CNBC Pro:
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European markets head for tepid open as investors digest omicron newsEuropean stocks are expected to open modestly higher on Wednesday with investors continuing to digest the latest news around the new omicron Covid variant.
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Asia-Pacific markets set for a muted session as investors assess omicron risksNikkei futures pointed to a flat open in Japan where the benchmark index jumped 1.42% to 28,860.62 in the previous session.
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Pfizer/BioNTech Covid-19 Booster ‘Neutralizes’ Omicron Variant, Companies SayThe vaccine has “significantly reduced” protection against omicron after only two shots, early data suggests.
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Treasury yields inch higher as omicron variant fears easeU.S. Treasury yields rose on Tuesday morning, as concerns eased around the omicron Covid variant.
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