Markets are also digesting comments earlier in the week from United States Federal Reserve Chair Jerome Powell, who said the US central bank will consider ending bond purchases a few months earlier than had been anticipated.
Global stock markets faltered on Friday, while benchmark bond yields gave up earlier gains after data showed United States job growth slowed considerably in November and markets stayed volatile as investors assess implications from the new Omicron coronavirus variant.
After opening higher, Wall Street’s main indexes quickly turned negative in morning trading. European markets also lost gains. MSCI’s gauge of stocks across the globe shed 0.52 percent.
Omicron has gained a foothold in Asia, Africa, the Americas, the Middle East and Europe and has reached seven of the nine provinces