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Consolidation Mode But Remains Bearish

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Fails To Hold Onto Thursday’s High

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'Big Tech' Bill Goes To Senate

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Oil Up For Fifth Week On Supply Disruption, Geopolitics

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  • Speaking in the House of Commons, UK PM Johnson says Moderna CEO's comments on vaccine efficacy in the face of the omicron variant are "probably right", but that does not necessarily mean they are ineffective against serious illness and death.
  • Comments come ahead of a press conference from UK PM Johnson this afternoon, at which he will present the government’s plan to roll out coronavirus booster vaccines to all adults in the next few weeks. The Mirror reports the timing as 4pm UK time.
  • Also (as per Politico): Javid will be up in the Commons from around 1 p.m. leading the debate new measures, with a vote coming at around 1600GMT. Johnson said in words briefed by Downing Street last night that the restrictions will “buy us time in the face of this new variant” while scientists determine the severity of the threat.