The Delta variant has delayed an expected rate hike in New Zealand, leaving Norway likely the first G10 economy to begin the journey out of an era of emergency-level interest rate lows.
China on Wednesday reported 28 new confirmed coronavirus cases in the mainland for Aug. 17, compared with 42 a day earlier, according to the National Health Commission.
Shares, oil and Asian currencies all steadied on Wednesday as investors weighed the gradual opening of economies worldwide against rising cases of the COVID-19 Delta variant.
(Bloomberg) Within 30 minutes of Hong Kong reversing its seven-day quarantine policy, Ovolo Hotels’ switchboard was swamped with calls. The operator of two facilities in the city’s mandatory quarantine program also got more than 850 emails, as frantic travelers sought to adjust their bookings.
The S&P 500 dipped on Monday, as fuel demand worries during a resurgent pandemic sent energy stocks lower but rising U.S. Treasury yields lifted financials stocks, keeping Wall Street's benchmark index near record levels.