Investor sentiment sagged Monday amid turmoil for President Joe Biden’s economic agenda and rising global omicron infections, spurring selloffs in stocks, equity futures and oil, while bolstering sovereign bonds.
U.S. futures fell at least 1%, while European shares trimmed losses after Moderna Inc. said its vaccine increased antibody levels against the variant. Treasuries gained and the dollar held a jump from Friday, while crude oil slid on worries that mobility curbs to tackle the strain will hurt demand.
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