Market News

    Hope rally turns choppy as hot U.S. inflation looms

    SYDNEY, Dec 9 (Reuters) - Stocks rose in choppy trade on Thursday as worries about the economic impact of the Omicron coronavirus variant ebbed but increasing caution ahead of U.S. inflation data capped other risk assets such as oil and the Australian dollar.

    Dollar stays soft, with Omicron still top of mind

    HONG KONG, Dec 9 (Reuters) - The dollar failed to pick up ground on most major peers on Thursday as markets saw optimism in early data hinting the Omicron variant of the new coronavirus may not be as bad as feared, even as new COVID-19 restrictions in Britain hurt the sterling.