Omicron Fears Ignite Market Selloff Just as Traders Clear Books

(Bloomberg) — Monday’s Asia trading session took on a decisively risk-off tone: U.S. stock index futures fell, Treasuries gained and risk-sensitive currencies slid as investors fretted over fresh lockdowns to slow the new variant.

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Senator Joe Manchin’s rejection of the U.S. spending package at the heart of President Joe Biden’s economic agenda heaped fresh fuel to the fire with market liquidity starting to thin as Christmas nears.

“Markets this week and next…


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