Friday 3rd December 2021Markets have displayed much mor epositive sentiment in the last 24 hours, but its not lasting. Gains in US equities have fallen away a little, and oil prices have risen sharply and fallen back again. NAB’s Tapas Strickland says Omicron news is mixed – it’s certainly spreading quickly but symptoms of those who are vaccinated appear to be mild. US Treasury yields have flattened further as more Fed officials pile on with calls for faster tapering. Oil prices fell sharply mid-session on the news that OPEC would lift supplies next month, but rose again on the news that they would pull back if demand falls because of Omicron. In short, another day of uncertainty all round.

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02 Dec 2021