Omicron Rally Stalls; UK Lockdown Fear, Rate Hikes – What’s Moving Markets By Investing.com – Investing.com

Omicron Rally Stalls; UK Lockdown Fear, Rate Hikes – What’s Moving Markets By Investing.com – Investing.com

By Geoffrey Smith 

Investing.com -- The Omicron relief rally stalls on reports of fresh lockdowns in Europe, while preliminary findings from South Africa appear to confirm that the effectiveness of current vaccines against the new strain is indeed at least partly reduced. Robinhood (NASDAQ:) stock jumps as its early backers remove a key overhang. There's central bank action in Brazil, Poland and - most interestingly - Canada, which is expected to flag its first interest rate hike when its policymaking council meets later. Oil prices have the froth knocked off them as the market digests a mixed bag of inventory data from the U.S. Here's what you need to know in financial markets on Wednesday, 8th December.

1. Omicron relief rally stalls as new data emerge