- Equities gained with US equity futures Tuesday on bets that vaccinations may help manage the omicron virus spread and signals that US President Biden could relaunch his $2 trillion economic agenda.
- As commodities rose, European stocks recovered, with miners leading the way. S&P 500 and Nasdaq 100 futures contracts were also in the green, indicating that the market has stabilised after a global equity index plunged the most this month on Monday. A comeback in Japan and a surge in Chinese property developers boosted Asian stocks.
- Investors are assessing economic threats from the development of the omicron virus variant and a hawkish central-bank tilt as markets swing into the Christmas season. Despite the fact that Democratic Senator Joe Manchin rejected President Biden's tax-and-spending proposal on Sunday, a phone conversation between the two has sparked hope that the agreement isn't dead.
- Treasury rates climbed, the dollar remained unchanged, and crude oil prices rose. During a power shortage in France, European electricity costs soared to new highs.
- Biden Administration to create Covid testing facilities in New York before Christmas; adding 1,000 military members to aid hospitals; 500 million at-home test kits to be free in January; making 2,000 new jobs in Austin tech hub. - Senior Official
- Japan's PM Kishida: Drafting a digital infrastructure proposal to be completed by March.
- ECB's Kazimir: If the inflation estimate for 2023 and 2024 changes, the ECB will have to intervene.
- There is a chance that Russia and the United States will achieve an agreement on security guarantees, talks have begun - RIA
