Stock markets completed a fairly solid rebound from the initial Omicron sell-off, but it’s hard to pay much attention to recent performance with so much uncertainty ahead. Omicron is so infectious that, by the end of the next week, its likely trajectory in some countries should be fairly well-established. Although Omicron cases may be milder than previous variants on average, hospitals may still be overwhelmed if Omicron spreads so quickly that even a low rate of hospitalisation generates large numbers of admissions.

Stocks featured:

Amazon, Daimler Truck Holding, Evergrande, Taiwan Semiconductor Manufacturing Co. and Twitter

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