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Daily Alert: Shares tumble on COVID woes

  • It’s been an uncharacteristically lively start to the week, with risk sentiment around the world declining sharply overnight.
  • Rising cases of the ‘delta’ COVID variant look to be the main culprit, with investors fleeing into ‘safe-haven’ assets amid anxiety about the implications of the more-transmissible strain on the global economy.
  • Amid all this drama, safe-haven US Treasuries have been an attractive option for investors while, in line with the shift in risk sentiment, commodity prices have suffered broad losses.

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