Fading Omicron concerns set up shares for weekly gain, dent dollar

Published by
Reuters UK

(Adds details, updates prices) By Danilo Masoni and Alun John MILAN/HONG KONG (Reuters) – Stock markets in Europe and Asia cemented gains in light holiday trade on Friday, while the safe-haven dollar eased on signs the Omicron variant would not significantly derail global economic growth. The greenback was set for its worst week in four months while other risk-friendly assets from bitcoin to the Australian dollar held onto their recent gains, buoyed by ebbing concerns over the severity of the new COVID-19 variant. A top European equity benchmark hovered around one month highs after a week of g…

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