30.11. Markets fall on doubts on vaccine efficacy against the Omicron variant

News for today, November 30:

Drugmaker Moderna (NASDAQ: MRNA) reinforced concerns in financial markets on Tuesday, as the company's head warned that COVID-19 vaccines are not likely to be as effective against the Omicron variant as against the Delta strain. As a result, oil prices fell on Tuesday, decreasing more than 2% along with financial markets.

Asian stock markets fell sharply in late trading on Tuesday, shedding earlier gains as investors feared the Omicron strain would prove to be vaccine-resistant and could cause widespread global economic turmoil. European stock markets are also expected to open sharply lower on Tuesday. Investors say market volatility hasn't abated yet and are looking for opportunities to protect their portfolios as the end of the year approaches.

The price of Brent crude is $ 71.71 per barrel, WTI — $ 68.36. EUR/USD is at 1.1336, GBP/USD — 1.3341, gold is at $ 1,793.61 per ounce.­­­­