The new COVID-19 variant in South Africa is putting investors in uncertainties of future growth and higher U.S interest ratesUpdated time: 25 Jan, 2022, 13:44 (UTC+04:00)
The new COVID-19 variant in South Africa is putting investors in uncertainties of future growth and higher U.S interest rates. Risk-averse investors may shift to safe havens like bonds and the yen that have outperformed the adversely affected stock markets. Futures, currencies and other indexes were triggered, leaving many in red territory with bearish signals.
World stocks headed a weekly fall of 0.7%
SP500 futures dropped 0.4%.
Japan’s Nikkei slipped 1.7%.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2%.
South Africa's rand fell 1%, AUD and NZD reached three-month lows.
It may be a perfect timing for investors to consider treasuries and the yen, after these havens recorded sharp weekly gains against the backdrop of concerns about COVID-19 outbreaks. So, make sure to not miss it!