Stocks, US futures up as risks ebb; dollar holds

Stocks, US futures up as risks ebb; dollar holds

Admin 33 mins ago Stocks



Bloomberg

Stocks rise for a third day as optimism about vaccines eased concerns about the omicron variant and China policies helped buffer against fallout from mounting property debt distress. Europe’s Stoxx 600 Index rose 0.5% after the biggest jump in more than a year, with healthcare shares outperforming and energy stocks down. US futures ticked up after the biggest surge since March. Investors took comfort from early studies showing vaccines provide a partial shield against the new variant. Steps by Chinese authorities to limit the fallout from property market woes lifted some risk assets in Asia even as key debt deadlines at China Evergrande Group and Kaisa Group Holdings Ltd. passed without any sign of payment. Treasury yields were steady after rising across the curve, and the dollar was little changed. Crude falls. This is a modal window.No compatible source was found for this media. Risk assets are recovering after a bout of turbulence sparked by the emergence of the new virus variant. So far, omicron cases haven’t overwhelmed hospitals and vaccine developments are encouraging. The S&P 500 and the Nasdaq 100 chalked their biggest gains since March and gauges of volatility retreated. Helping sentiment,