Investors spooked by Covid news flee risky assetsRecap: Global markets, from stocks to commodities, tumbled yesterday as news of a possibly vaccine-resistant Covid variant propelled investors to seek refuge in safe-haven assets including gold. Retail investors were net buyers of 12.24 billion baht, institutional investors sold 5.98 billion and brokerage firms sold 3.21 billion baht. The cabinet on Tuesday approved a soft loan package worth 5 billion baht to help create jobs, mainly for the unemployed. Germany will release November unemployment, Canada will release third-quarter GDP and the US will release November consumer confidence. Australia will release third-quarter GDP on Wednesday, and the US will release November nonfarm employment change and manufacturing PMI.

Source: Bangkok Post November 27, 2021 00:40 UTC