- Asian stocks and US equity futures rose providing some relief from the gloomy investor mood caused by the escalation of omicron coronavirus cases and the challenges to President Biden's economic agenda.

- The asia-pacific share gauge of MSCI reversed a two-session drop, with Japan, China, and Hong Kong climbing.

- The S&P500 and Nasdaq100 contracts were in the green, indicating some stabilisation after the broader US equity benchmark fell the most in three days since September.

- Treasury yields and the US dollar were little changed, while commodity-linked currencies remained stable. Crude oil and iron ore prices have risen.