- As traders prepared for this year's last central bank meetings later this week, US futures dipped on Tuesday, reversing an earlier rise. Treasury yields rose, but the dollar fell.
- After the S&P 500 fell to a new low on Monday and the tech-heavy NASDAQ 100 underperformed, US contracts continued to fall. The STOXX 600 index in Europe was barely changed, while MSCI Asia-Pacific's Share Index declined for the third straight day as Chinese property stocks plunged to a nearly five-year low.
- Traders will be watching the Fed’s policy decision due Wednesday for clues on the timing of tapering stimulus and raising interest rates. The Fed's meeting is one of 20 this week that could cause market volatility. Investors are debating the consequences of diminished monetary policy support while waiting for additional information on the Omicron variant's economic concerns.
- IMF: The BoE needs to withdraw exceptional monetary policy support and focus on the 12-to-24-month outlook rather than near-term covid trends.
- Pfizer: COVID drug likely effective against Omicron. $PFE
- Germany's virus variant region travel limits may be tightened, according to Business Insider.
- Tesla will make some merchandise available for purchase with doge, according to Elon Musk
- BoJ considers expanding COVID measures beyond March - Kyodo.
- German Economy Ministry: The situation with the COVID is putting a brake on economic recovery in Germany.
- IEA: As supplies grow and Omicron strikes, oil surplus returns.