Market Pulse - Usa
US close: Stocks regain some of Friday's omicron-fuelled losses
Wall Street stocks closed higher on Monday following Friday's omicron variant-fuelled selloff.
JP Morgan sees Brent oil price 'overshoot' to $150 per barrel in 2023
Analysts at JP Morgan predicted that underinvestment in new oil production capacity was set to drive Brent crude oil prices to $125 per barrel in 2022 and $150 in 2023.
US pending home sales jump 7.5% in October
Signed contracts on existing US homes, also known as pending sales, jumped 7. 5% month-on-month in October, according to the National Association of Realtors.
US open: Stocks reclaim some of Friday's omicron-fuelled losses
Wall Street stocks were trading higher early on Monday following Friday's omicron variant-fuelled selloff.
US pre-open: Wall Street futures in the green following omicron-fuelled selloff
Wall Street futures were pointing to gains ahead of the bell on Monday following Friday's omicron variant-fuelled selloff.
CMA set to block Facebook acquisition of GIF platform Giphy
Facebook’s acquisition of animated GIF platform Giphy is set to be blocked by the UK’s competition watchdog, it was reported on Monday, which would mark the first time the Competition and Markets Authority (CMA) puts the brakes on a Big Tech deal.
Russian energy minister warns against 'hasty' decisions on oil output
Russia's energy minister cautioned on Monday against hasty decisions in the wake of the discovery of the Omicron variant of Covid-19.