Urand, bonds; add actions JOHANNESBURG, December 7 (Reuters) – The South African rand weakened on Tuesday, with data showing the economy contracted more than expected in the third quarter after civil the July unrest hit production. At 14:30 GMT, the rand ZAR = D3 was trading at 15.9750 against the dollar, 0.28% weaker than its …

Early in the day: The start of the day on the economic calendar was particularly calm this morning. There were no major statistics to provide the majors with early morning direction. The lack of statistics left markets to respond to Friday’s NFP figures from the United States and the latest COVID-19 news updates. On the …

(RTTNews) – European stocks closed lower on Friday as concerns over the Omicron variant of the coronavirus and disappointing US employment data hurt sentiment and prompted investors to remain cautious. The World Health Organization said today that the new strain, which was first spotted in South Africa, has now been detected in 38 countries. The …

CHAMPAIGN COUNTY, Ill. (WCIA) – The state of Illinois is seeing an increase in tourism this year, and it’s a breath of fresh air after people were urged to stay home as the coronavirus was starting. Taxes generated by tourism dollars fell last year, but the Visit Champaign County group said it was already seeing …

While researchers have yet to confirm the theory that Covid-19 will become a seasonal virus, growing evidence suggests that a small seasonal effect could likely contribute to larger epidemics in winter. In fact, Europe is once again experiencing a surge in coronavirus infections, to levels not seen in months. A new mutation; the Omicron variant, …

Early in the day: The start of the day on the economic calendar was relatively busy this morning. The Australian dollar was in action this morning. For the Australian dollar It has been a relatively busy morning, with retail sales finalized and business data in focus. Retail sales rose 4.9% in October, in line with …

Today’s national accounts confirm that continued closures and restrictions come at a huge economic cost, Business Council CEO Jennifer Westacott said. “It is a reminder that we must stay the course on reopening our national economy, otherwise we risk losing the economic momentum as employment and activity data shows it is accelerating. “Behind this set …

The Omicron variant of Covid-19 adds new uncertainties to the global economic outlook, but much will depend on its speed of transmission, hospitalization and death rates, as well as the effectiveness of vaccines, Moody’s Analytics said on Monday. In its commentary titled “Lots of Info About Omicron — Fast”, Moody’s Analytics said that while the …

On the macro It’s a particularly busy week on the economic calendar, with 78 stats featured in the week ending 3e December. During the previous week, 49 statistics had been finalized. For the dollar: Earlier this week, consumer confidence will be the focus ahead of non-farm and manufacturing ADP data on Wednesday. Expect the most …

Shares ended this short week with a sharp drop in concerns over a new variant of the coronavirus. Friday’s drop came in a holiday shortened session typically characterized by light volume, so it’s hard to say if the market reaction would have been this harsh in a normal session. The S&P 500 had gained 0.11% …