Oil climbed above $70 a barrel as investors weighed a host of risks to the near-term outlook, including the impact of the omicron variant, an upcoming OPEC+ meeting, and a release of crude from U.S. strategic reserves.
Japan’s weighting in MSCI Inc.’s global equity benchmark is crumbling as the index provider continues to strike Japanese stocks off its gauges, threatening a further drop in foreign interest in the world’s third-largest equity market.
Asian stocks looked set for a steady start on Tuesday after U.S. shares rebounded amid easing concerns about the impact of the omicron coronavirus strain on global reopening.
Treasuries ended Monday near their highs for the session after the market failed to really make a dent in the haven rally from Friday that was driven by concern over the new omicron variant of the coronavirus.
Westpac Banking Corp. agreed to pay A$113 million ($80.6 million) in penalties after the Australian regulator alleged the lender had widespread compliance failures that included charging dead people.
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