NIH Director Fauci: Omicron “almost certainly” not more severe than delta variant - AFP

Joel Frank Independent Analyst

US National Institute of Allergy and Infectious Diseases Director Anthony Fauci said on Tuesday that the Omicron Covid-19 variant was "almost certainly" not more severe than the delta variant, according to AFP. These remarks come after Fauci was quoted on CNN over the weekend as saying that it does not look like Omicron has a "great degree of severity".

Market Reaction

US equities and other risk assets continue to surge as markets, in light of increasing evidence that this variant will not be as severe as delta, move to price out pessimism about the economic outlook.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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