A man walks past screens displaying market data at CMC Markets in London, the UK. Picture: REUTERS/JOHN SIBLEYWorld shares gained on Tuesday as investors weighed up the extent to which the omicron coronavirus variant would hit economies around the world, with the dollar softening as appetite for riskier assets made a cautious return.
“It’s a game of trying to assess to what extent the omicron story is going to cause uncertainty,” said Olivier Marciot, senior portfolio manager at Unigestion. Still, investors were on Tuesday cautiously optimistic that the economic hit would not be as severe this time around, buying stocks and selling perceived safe-haven currencies such as the dollar and the Japanese yen.
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