Commodity prices, equity prices, and interest rates have all tanked substantially, and there has been a rush to the 'safety' of the core currencies. New Omicron (South African) cases have been detected in Europe, Australia and Hong Kong now, indicating broad travel spread already. But China’s cement prices are going soft due to sluggish demand, and this is at a time when demand and prices are seasonally strong. In Australia, retail sales jumped +4.9% in October as opening up generated a strong surge. In NSW there were another 185 new community cases reported yesterday, with 2703 active locally acquired cases, but they had no deaths yesterday.

Source: Stuff November 28, 2021 21:23 UTC