The Economy’s About to Go on Holidays

While Omicron continues affecting the economy, seasonal tendencies continue to play their role. Christmas holidays is a calm low-volatility period yet vast spread of Omicron forces governments to make decisions. New pandemic restrictions are about to happen as well as new central bank decisions. The US dollar index rose humbly by 0.1% to 96.558 as the outcomes of Omicron left unclear.

European market grew: DAX futures in Germany, CAC 40 futures in France and the FTSE 100 in the UK gained 1,4% altogether. The effect of Omicron variant hasn’t become any clearer since even the United Kingdom, the most exposed to the new virus, shows the increase of GDP by 6.8%. Even Prime Minister Boris Johnson announced he will not introduce any new lockdown measures.

The price of Brent crude is $74.21 per barrel, WTI — $71.53. EUR/USD is at 1.1296, GBP/USD — 1.3318, gold is at 1.791.10 per ounce.