It’s a mixed scene in U.S. markets as the S&P 500 dips from a new intra-day record while the Dow posts its fifth straight positive session. New studies suggest that Omicron will displace the Delta variant of Covid as global cases top one million for a second day. In Hong Kong, police raid the offices of Stand News – one of the territory’s few remaining pro-democracy newspapers – for alleged “seditious publication”. Washington and Moscow are scheduled to hold talks early in the new year as Russian troops continue to mass on the Ukrainian border.

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