“Global markets are pricing in … greater growth concerns on the back of the weekend’s Omicron-related news. Major stock market indexes in Europe and Asia fell by around 2%. ET on Monday, while benchmark Brent crude was down about 3% at $71 a barrel. Joe Manchin, a Democrat, said on Sunday that he will not vote for President Joe Biden’s economic and climate plan.ĭow futures fell 370 points - or more than 1% - by 6:45 a.m.
Investors around the world sold stocks and oil prices dropped sharply on Monday as Omicron cases surged and governments imposed anti-virus measures that could hamper economic growth.īut the US faces a second potential blow after Sen.
The outlook for the American economy is suddenly much darker.