Daily Alert: Saying Haere Rā to Alert Levels

  • Market sentiment swung back to positive overnight, as markets continue to get whipped around by news on the Omicron variant.
  • European share markets bounced strongly (Eurostoxx +2.86%), but the recovery looks a little unconvincing in places and, in the US, it generally lost steam as the night wore on.
  • US economic data released overnight didn’t throw up any major surprises.

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