Stocks slip, havens rally as new symphony and tv combines the new symphony and spooks the new symphony

Stocks slip, havens rally as new symphony and tv combines the new symphony and spooks the new sympho ...

- Stocks tumbled and the yen went down for the largest weekly drop in almost two months on Friday, while safe havens like bonds and the yen rallied as the strain of new virus variants sparked serious concerns about future growth and higher U.S. interest rates.

The variant, detected by the South African scientists, can evade immune responses and has forced Britain to introduce travel restrictions in South Africa hurriedly.

A South African rand fell 1% in trade and U.S. crude futures fell 0.4% as well as S&P 500 futures fell. Experiments compared to NZ$ rose to three month lows.

"The trigger was this COVID variant, and the uncertainty is over what the heck it's happening," said Ray Attrill, head of FX strategy at the National Australia Bank in Sydney. "You shoot and ask questions later, if this kind of news erupts."

Japanese Neptunu went down 1,7% in early trade, and Australian shares fell 0.6%.

MSCI's broadest index of Asia-Pacific shares outside Japan went down 0.2% for a weekly fall of 1% and World stocks, yet still near record highs, headed for a weekly fall of 0.7%, the largest since early October.

The new variant has very rare mutations, the scientists said of the new variant, which it has, unfortunately, very peculiar constellations of variants that may help it evade the body's immune response and make it more transmissible.

British authorities believe this is the most significant variant of its existence and fear that it could resist vaccinations.

In Tokyo on the holidays and while the inflation surge was strong, monetary action was sharp in a trade event - during the Thanksgiving season - and gained momentum in the emergence of the year - before continuing to increase the number of gains - from 5 points to 1.5927% - in the 5th year.

The yen jumped to 114.91 per dollar, and gold rose to $1,792 per ounce.

The moves are made against the backdrop of the question about COVID-19 outbreaks driving restrictions on movement and activity in Europe, and as the price rate rises in the United States next year.

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