HomeNewsNewsDollar, shares rise as Omicron fears subside

Dollar, shares rise as Omicron fears subside

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly

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  • Tight U.S. labor market points to strong economy
  • Dollar, Treasury yields rise on risk-on sentiment
  • <a href=”http://tmsnrt.rs/2yaDPgn”>Graphic: Global asset performance</a>
  • <a href=”http://tmsnrt.rs/2egbfVh”>Graphic: World FX rates</a>

NEW YORK, Dec 2 (Reuters) – A gauge of global equities surged on Thursday as Wall Street rallied on hopes the Omicron COVID-19 variant will prove mild and will not halt a strongly recovering U.S. economy, while the dollar edged higher in choppy trading as risk appetite improved.

The number of Americans filing new claims for unemployment benefits rose less than expected last week while layoffs tumbled to a 28-1/2 year low in November, both signs of tightening U.S. labor market conditions amid an…

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