The Hang Seng Index fell by just under 1% as Omicron weighs heavily on market sentiment.

The S&P 500 rebounds at the start of the week as a relative sense of calm returns to Wall Street, but uncertainty over the Omicron variant will keep investors on edge for the next few weeks.

The US Dollar is clawing back losses from the Omicron scare late last week. But the attention will soon shift to Jerome Powell ahead of his Congressional testimony.

Friday’s crude oil Back Friday sale during lower post-Thanksgiving liquidity looking more likely to be an overreaction amid Omicron optimism

Euro shorts squeezed on Covid fears, however, rise is likely temporary

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The “South African” dubbed Omicron variant, saw the rand nosedive last week as USD/ZAR hit 2021 highs, while travel bans may see the ZAR continue its descent.

Despite losses overnight in Asia, Europe is opening on the front foot with decent gains across the board.

Gold prices struggled even as financial markets convulsed amid worries about the potential impact of a new, “of-concern” Omicron variant of Covid-19.