WHO offers a shot in the arm for markets
Thursday 2nd December 2021Markets were choppy again overnight, but there is renewed hope with circumstantial evidence that the Omicron variant might be less severe. A WHO press conference suggested that existing vaccines will be enough to prevent many extreme cases, but we\u2019ll still have to wait for the final verdict. NAB\u2019s David de Garis says that was enough for the focus to shift a little to positive data reads out of the US, including a 534k rise in the ADP payrolls number an ISM manufacturing at 61.1 for November. Australia\u2019s better than expected Q3 GDP number has done little to help the Aussie dollar \u2013 Dave suggests it has followed the fortunes of the S&P500. Today, the focus will stay with news around the virus and its impact on lockdowns and other contingency measures.
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