December, 2021

• 21 December

  Traders sent $30 billion into dip and this time got bruised

  

    Bloomberg Buying after a plunge, a trade rewarded virtually every time stocks pulled back in 2021, is facing a big challenge. Down hard for a second day Monday, the S&P 500 has now posted back-to-back, 1%-plus swoons twice in the past month, something it has mostly avoided doing before. It’s a worrying departure from the recent past, when 1% ...

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• 21 December

  Stocks, US futures rise in rebound from slump

  

    Bloomberg Stocks rise with US equity futures Tuesday on wagers that vaccines can help tame the omicron virus outbreak and signs that US President Joe Biden could yet revive his $2 trillion economic agenda. European shares rebounded, with miners in the lead as commodities gained. Asian shares were bolstered by a rebound in Japan and a rally in Chinese ...

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• 20 December

  European energy prices soar as deep freeze arrives

  

    Bloomberg Europe is bracing for energy shortages as freezing weather sets in, boosting demand and sending prices surging at a time when supply just can’t keep up. Temperatures are forecast to fall below zero degrees Celsius in several European capitals, straining electricity grids already coping with low wind speeds and severe nuclear outages in France. To make matters worse, ...

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• 20 December

  China’s solar firms fall over US’s plan failure

  

    Bloomberg Solar firms in China fell after a $2 trillion US economic plan with crucial climate provisions suffered a potentially fatal setback in Congress. Trina Solar Co fell as much as 7.7% and Longi Green Energy Technology Co slipped as much as 3.3% in Shanghai. The Build Back Better Act, rejected in a surprising decision by Senator Joe Manchin, ...

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• 20 December

  Airlines amp up warnings on 5G service

  

    Bloomberg Widespread flight delays in snowstorms and low visibility could occur once new 5G wireless service rolls out in early January, airline executives and aviation officials are warning with increasing alarm. The officials say the new wireless signals threaten to interfere with equipment on planes and helicopters that track aircraft altitude, which could prohibit landings in poor visibility and ...

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• 20 December

  London’s Christmas shopping takes major hit amid omicron

  

    Bloomberg The number of people visiting London’s major shopping district was down by almost a fifth on the last weekend before Christmas compared with pre-pandemic levels, a further sign of the toll the spread of the omicron variant is taking on beleaguered UK stores. Footfall in the West End was 17% lower than the equivalent period in 2019, and ...

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• 20 December

  Future Retail surges as Amazon deal on hold

  

    Bloomberg Future Retail Ltd’s shares and dollar bonds jumped after an order by India’s antitrust body may make it harder for Amazon.com Inc to block a bid for the Indian department store chain by rival Reliance Industries Ltd. Future’s shares rose by the maximum permissible 20% to 57.5 rupees in Mumbai on Monday, the biggest surge since August last ...

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• 20 December

  British Airways halts Hong Kong flights amid pilot quarantines

  

    Bloomberg British Airways (BA) put flights to Hong Kong on hold until March after the imposition of strict quarantine rules by the Asian financial hub’s government saw airline crews forced to isolate in a makeshift camp. The London-based carrier’s schedule shows no services to Hong Kong until the end of February. British Airways initially suspended flights there late last ...

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• 20 December

  Omicron fears ignite market selloff as traders clear books

  

    Bloomberg Monday’s Asia trading session took on a decisively risk-off tone: US stock index futures fell, Treasuries gained and risk-sensitive currencies slid as investors fretted over fresh lockdowns to slow the new variant. Senator Joe Manchin’s rejection of the US spending package at the heart of President Joe Biden’s economic agenda heaped fresh fuel to the fire with market ...

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• 20 December

  Indian stocks head for correction as omicron variant drives Asia rout

  

    Bloomberg India’s benchmark index was poised to enter a correction as concerns about risks from the rapid spread of the omicron coronavirus variant prompted selling of equities ahead of year-end holidays. Reliance Industries Ltd. was the biggest drag on the S&P BSE Sensex, which retreated 2.8% to 55,423.99 as of 1:24 pm in Mumbai, headed for its biggest two-day ...

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