The major international indices rebounded on Wednesday, despite the concerns about the Covid variant and the Federal Reserve is hinting an early departure of its accommodative monetary policy.
However, the tone has quickly turned negative with the news that the United States became on Wednesday the latest country to identify a case within its borders.
The World Health Organisation stated that at least 23 countries from five of six regions have reported cases of omicron, “and we expect that number to grow.”
The UN agency expects to have more information on the transmissibility of the new variant of the coronavirus within days, but noted that hospitalizations were rising across South Africa, where the new variant was first discovered, and omicron is rapidly becoming the dominant variant there.
More important are studies that will be delivered next days from Pharma companies BioNTech & Moderna about vaccine efficiency on new covid variant Omicron.
If there will be bad news on vaccine field, we can expect a drop on SPX to 4200 - 4250 area in short time, and to 3600 in case of new lockdowns around the world.
If news on vaccine efficiency is very good, we will pass over lockdowns and we anticipate a rebound over 4500 pts.
It's possible to have a good opportunity to buy when infections will slow down after Omicron Outbreak.