World shares have bounced back from selloff spurred by worries about how badly the omicron variant, inflation and other forces will hit the global economy
BANGKOK — World shares bounced back Tuesday from a sell-off a day earlier spurred by worries about how badly the omicron variant, inflation and other forces will hit the world economy.
Markets in Europe and Asia rose and U.S. futures were higher. Oil prices also advanced.
Much of the concern over the global outlook has been driven by the omicron variant of coronavirus. Cases have skyrocketed in Europe and in the U.S., where federal health officials say it accounted for 73% of new infections last week, a nearly six-fold increase in only seven days.
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