Global stock markets and treasury yields rose higher on Wednesday as concerns about declining Omicron reassured investors but sentiment eased after the previous day’s big gains in equities and crude oil prices.
European stocks closed lower but 3 major US indices closed higher when vaccine makers Pfizer and BioNtech stated 3 specific injections of Covid-19 vaccine were capable of neutralizing Omicron in laboratory tests performed.
The benchmark US 10-year treasury yield rose for 3 consecutive days on 1.5% for the first time in a week and gold prices changed little as investors were cautious ahead of the release of US consumer price data on Friday.
The worldwide MSCI index was up 0.39% and the European STOXX 600 index was down 0.44%. The S&P 500 benchmark was down 0.1% from a record close.
The Wall Street market saw the average Dow Jones Industrial index up 0.10%, the S&P 500 plus 0.31%while the Nasdaq Composite drove 0.64%.
Communications and healthcare services pushed the S&P sector higher with stock growth rising 0.58% and little changing in value.
The dollar depreciated against several major currencies as easing concerns about Omicron helped support the riskier currency with the Australian dollar rising 0.83% having posted a third consecutive session gain.
The dollar index, which measures a number of currencies against 6 other currencies, was down 0.38% at 95.906 while the Euro was up 0.74% at $ 1.1346 and the Japanese Yen was up 0.10% at $ 113.68.
US 10 -year treasury yield notes rose 4.8 basis points at 1.528%.
The US central bank has scheduled its final policy meeting this year next week when it will speed up tapering for its bonds earlier than expected.
Brent crude oil price rose $ 0.38 at $ 75.82 a barrel while US crude oil price increased $ 0.31 at $ 72.36 a barrel.
US gold futures remained at $ 1,785.50 an ounce.
