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Three steps forward, one step back

Three steps forward, one step back

Optimism regarding omicron.

  • #Oil prices fell in thin, holiday trade after a three-day rally, with investors trying to gauge the omicron coronavirus variant's impact on demand.
  • UK shares inched higher in pre-Christmas trading, with investors largely hopeful that the global economy can weather the #Omicron COVID-19 variant that is forcing several countries to reimpose restrictions.
  • India's foreign exchange reserves declined by 160 million to $635.66 billion due to a sharp drop in foreign currency assets, the Reserve Bank of India reported.


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