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EGB OPTIONS

Euro-Schatz Put Spd Sale

COMMODITIES

Oil Remains Volatile Inside a Range

US TSYS

Treasuries Bear Steepen On Omicron Developments

EQUITIES

Stocks Post Stronger Start to Week

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  • Equity markets trade uniformly lower worldwide, as a new COVID variant uncovered in South Africa has been dubbed a 'concern' with fears it's increased mutation could evade vaccine-built immunity. Spain's IBEX-35 leads the way lower, dropping 3.7% with Europe's energy names hardest hit.
  • WTI and Brent crude futures trade lower by over 5% apiece, with explorers and producers including BP, Repsol and Royal Dutch Shell off by a similar margin.
  • Not all stocks are lower, however, with lockdown plays including Peloton and Zoom both trading sharply higher ahead of the open.
  • The e-mini S&P trades at levels last seen on Nov 2nd, with 4593.25 undercutting as first support. A fall through here opens the 50-dma at 4521.1.