Opening Bell: European Stocks, US Futures Slide; Dollar, Treasuries Advance – Investing.com

Opening Bell: European Stocks, US Futures Slide; Dollar, Treasuries Advance – Investing.com

Traders cash out of US and European shares

Sterling at year's low on UK Omicron restrictions

Dollar rebounds

Key Events

Futures on the , , and are all pointing to a lower US open on Thursday and European shares, after opening higher today, have now fallen into negative territory as well.

And, after a three day rally, the oil price slid.

Global Financial Affairs

Perhaps, the reason for the decline in US futures contracts is investors cashing out after yesterday's bullish display on Wall Street.

The slump in the follows a rally earlier in the week when, like the , the pan-European benchmark notched up its best two-day performance of the year. Nevertheless, while the S&P 500 reclaimed all the losses incurred when the first news of the new Omicron variant hit, the European index has struggled to recapture lost territory, falling 0.6% on Wednesday.

Thursday's Asian session was mixed. Encouraging about Pfizer (NYSE:) and BioNTech (NASDAQ:) vaccines didn't appear to convince regional traders. Market observers noted the performance in Asia was driven by caution ahead of the release of Friday's US data and any implication it could have on next week's Fed .

China's rose 1%, extending