Global Markets Crash over ‘NEW’ Covid Strain. A new, faster mutating Covid variant discovered in Africa has ravaged prospects in travel and oil stocks, as the South African rand also dropped to its lowest value against the dollar in a year.
Front-month oil futures dropped 3.4% to $75.75, while shares in Japan Air, ANA and Qantas all fell between 4.5 and 6.5% as fears grow of potential renewed travel restrictions.
Markets in Asia have declined too as they watch Europe’s Coronavirus cases spiral into new lockdowns.
ING’s Asia-Pacific head of research Rob Carell admitted “everybody seems to be panicking” about the new strain emerging… but added the market moves might be accentuated by low trading volume.
DOW SUFFERS WORST TRADING DAY OF 2021: WSJ THREE MAJOR U.S. STOCK INDEXES EXPERIENCED THEIR WORST BLACK FRIDAY LOSSES ON RECORD: WSJ
Belgium: Stocks tumble on Black Friday as Belgium confirms the first case of the “new variant” in the European Union.
Bitcoin tumbled almost 8% on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds, the yen and the dollar. – Reuters
China Evergrande soccer stadium taken over by government -source: https://url.americanpatriotsforum.com/bWvRrq