- A global stock rebound slowed in Asia as investors weighed uncertainty about the economic impact of the omicron virus strain and a hazy outlook for US fiscal stimulus.
- Hong Kong was boosted by a rally in technology shares, while markets in China and Japan remained stable. Futures in the US fluctuated after the S&P500 ended three days of declines and the tech-heavy Nasdaq100 gained more than 2%.
- The return of risk appetite on Tuesday fueled a surge in commodities while reducing demand for safe-havens. Crude oil and treasury yields remained higher, while the dollar index remained unchanged.
- A strong 20-year auction highlighted broader, structural demand for US government bonds in the face of a savings glut and a range of economic risks.
