This was a volatile week of trading with major US equity indexes pulling back on news that the Federal Reserve could taper its monthly asset purchases at a faster rate and fears that the emergence of the Omicron could weigh on global economic growth and contribute to supply chain disruptions. Small-caps and high flyers stocks corrected the most. Shares in Europe posted mixed results while Japanese stocks pulled back. Chinese stocks recorded a weekly gain despite a resurgence of U.S.-China tensions after Chinese ride-hailing app Didi said it would delist its U.S.-listed shares from the New York Stock Exchange
The US Treasury yield curve flattened over the week, with short-maturity yields rising and long-term rates decreasing. Core eurozone bond yields fell while Peripheral eurozone bond yields ended the week broadly unchanged.
The dollar ended the week slightly lower. Cryptocurrencies tumbled as Bitcoin broke the key $51k support, collapsing even further on Saturday morning to $47k. Ether was trading below $4k.
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