Bloomberg Stocks and futures rise on Tuesday as concerns about the severity of the omicron virus variant receded and China pledged measures to support economic growth. Technology shares led gains in Europe’s Stoxx 600 Index and Nasdaq 100 futures rise. Chinese tech stocks also rebounded from last week’s rout, with Alibaba Group Holding Ltd soaring by the most since its …

Bloomberg Stock investors probably have more important things to worry about than the emergence of the new coronavirus strain, according to Morgan Stanley’s strategists. While “not that concerned about omicron as a major risk factor for equities,” the strategists led by Michael Wilson see headwinds building elsewhere, after Federal Reserve Chairman Jerome Powell signaled the possible accelerated tapering of asset …

Bloomberg Oil rises after Saudi Arabia boosted the prices of its crude, signalling confidence in the demand outlook despite the spread of the omicron variant of the coronavirus. Futures in New York advanced 2.9% to trade near $68 a barrel. The kingdom increased its oil prices for customers in Asia and the US for January, just days after the Opec+ …