Brazil reports first cases of Omicron variant

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Brazil reports first cases of Omicron variant
Brazil reports first cases of Omicron variant

Rio De Janeiro, Dec 1 | Brazil reports first cases of Omicron variant. Brazil became the first Latin American country to report cases of the Omicron variant of the novel coronavirus.

According to the Brazilian Health Regulatory Agency, the country’s first two cases involve a couple, both of whom tested positive for the new variant.

The man arrived in Sao Paulo from South Africa on November 23 and his wife had not travelled, Xinhua news agency reported.

Portugal detects new case of Omicron variant

The Brazilian government temporarily banned flights from South Africa, where Omicron was first detected on November 9.

The World Health Organization warned on Friday that Omicron was “of concern” since it has undergone multiple mutations.

Brazil, a global Covid-19 hot spot, has reported more than 22 million cases and nearly 615,000 related deaths.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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