Today, investors’ attention is focused on the nonfarm payrolls report

According to 79 of 106 analysts surveyed, a global market correction is likely in the next six months. Saxo Bank predicts a constitutional crisis in the US and inflation above 15% next year.

Omicron continues to spread worldwide, with new infections found in countries, including the United States, Norway, Ireland, Australia, and South Korea. At the same time, South Korea is introducing lockdowns for the unvaccinated. Australia’s chief medical director said there is no indication that Omicron is more deadly than other Covid strains because all cases reported so far have been very “soft” or no symptoms at all. Meanwhile, a scientist from South Africa’s National Institute of Infectious Diseases said that there has been an increase in the number of repeated diseases Omicron, which has not been seen in previous strains.

Meanwhile, US President Joe Biden announced a new plan to confront the coronavirus on Tuesday. The new measures include an expanded campaign to re-vaccinate those who need it.

Moderna announced an agreement with the United Kingdom to deliver additional 60 million doses of Covid-19 vaccines in 2022 and 2023. It looks like the virus epidemic won’t end anytime soon. The EC Public Health Agency has warned that the Omicron variant could cause more than half of all Covid-19 infections in Europe within the next few months.

Omicron has not yet been taken into account by the OPEC+ committee meeting. Following the OPEC+ meeting yesterday, the world’s largest oil producers left production quotas for January at 400,000 bpd. Analysts expect oil prices to return above $75 a barrel.

Following a rally on Wall Street, Asia-Pacific stock markets are increasing today, except for the Hong Kong index. Hong Kong’s Hang Seng (HK50) decreased by 0.42%, Japan’s Nikkei (JP225) added 1%, and Australia’s S&P/ASX 200 (AU200) increased by 0.22%. Shares of the Hong Kong Internet giant Alibaba (-3.8%) and car maker BYD (-3.7%) were among the fall leaders on Friday.