1 - Nu Covid-19 super-variant "the worst so far"
Economists warned today that the new super-variant variant of Covid-19 known as 'nu' had the potential to knock the global economic recovery off course.
2 - Airlines hammered
Since the first quarter of 2020 we’ve learnt to expect, and brace, for the unexpected when it comes to Covid-19, nevertheless, Friday’s caution over a South African variant put panic across the equity markets – especially for long haul airlines like BA owner IAG which needs open skies.
3 - FTSE 100 tanks 260 points
The Footsie is finished the week with a violent bout of blood-letting, with the index down 260 points.
4 - Black Friday bargain stocks
Here’s Proactive’s list of FTSE 350 stocks that are a lot cheaper than they were the last time Black Friday rolled around, but time will tell whether they’re bargains.
5 - EQTEC teams up with Wood
Nearly lost in the macro-market mayhem, but should definitely not be overlooked is EQTEC’s new tie-up with energy engineering major Wood Group. Together they seek to collaborate and develop waste-to-synthetic natural gas (SNG) and waste-to-hydrogen solutions.
And another thing … Merck’s COVID drug not as effective as first thought, Amazon facing global Black Friday protests, and Barclays is positive on IG heading into 2022.