- Asian stocks and futures in the US gained, as confidence over vaccines alleviated fears that the omicron variant would delay the global recovery. Treasury yields have retraced some of their gains.
- The Asia pacific benchmark of MSCI advanced for the second day in a row. In a South African study, Pfizer's shot was demonstrated to provide a partial barrier against the omicron variant.
- The onshore yuan rose to its highest level since 2018 as the nation's economy and global risk-on mood improved.
- The S&P 500 and the Nasdaq 100 both posted their highest increases since March, with technology stocks leading the charge. Volatility gauges retreated, with the Cboe volatility index falling.
- Treasury yields dipped marginally after increasing across the yield curve, when the two-year yield reached its highest level since March 2020 and the 10-year yield returned to 1.5%. The dollar fell versus the majority of its main counterparts.
- Crude oil prices remained stable after surging past $72 per barrel in New York. Bitcoin has reclaimed the $50,000 mark.
