The Omicron variant has continued to traverse the world instilling fears in investors.
US employers likely stepped up hiring in November as they scrambled to meet strong demand for goods and services, giving the economy a strong boost as another challenging year draws to a close, though worker shortages remained a constraint.
The European Central Bank may set policy for a relatively short period at this month’s meeting given heightened uncertainty but should not delay a decision as markets need direction, ECB President Christine Lagarde told Reuters on Friday.
Analysts are sticking with bullish forecasts on the Canadian dollar despite uncertainty related to the Omicron COVID-19 variant, expecting oil prices to rebound and the Bank of Canada to hike interest rates before the US Federal Reserve.
Oil prices climbed on Friday after the producer group OPEC+ said it could review its policy to hike output at short notice if oil demand collapsed due to a rising number of pandemic lockdowns.
Eurozone retail sales rose in line with expectations in October as consumers spent more on non-food purchases, particularly online, data from Eurostat showed on Friday.
Facebook & Google
|Russia’s state communications regulator Roskomnadzor has filed cases against U.S. tech firms Google and Meta that could see fines imposed on their annual turnover in Russia.|
|iPhone sales have managed to grow during the pandemic despite its logistical challenges.|
|China’s aviation regulator has laid out a series of steps for Boeing to bring its 737 MAX jet back into commercial service in the country.|