Markets were trading Friday as the potential impact of the Omicron coronavirus strain on the global economic reopening was a matter of concern. We are passing through a time when it would be rational to stick to long-term strategy rather than panic. Cases are still being identified, but we still have very little data and are at a very early stage to know the true impact of this last strain. While the economic effects of the pandemic closures are still being felt, a similar closure to 2020 will be avoided as much as possible with the effect of vaccines and studies at hand.
Currently, the effects are in the form of travel bans from many countries to the countries of the region, especially South Africa. Of course, the number of cases is small, the nature and contagiousness of the variant subject of concern, and naturally its mortality. Statements from South Africa are that the Omicron variant has emerged with “mild symptoms so far”. WHO, on the other hand, called for caution, saying it will take time to assess the pathogen. Cases were already increasing in Europe and some restrictions were reinstated. It will be necessary to pay attention to the effectiveness of existing vaccines, especially the observations of Israel and the UK, or the need for new dosing, new vaccine development if necessary (Moderna said that if a new vaccine needs to be developed, it can be ready at the beginning of 2022). While Chinese-style closures seem unlikely, there may be some new travel criteria. Energy, tourism and services, which are sensitive to the risks caused by Covid, currently have to closely monitor the situation.
Kaynak Tera Yatırım
Hibya Haber Ajansı
Kaynak: Hibya Haber Ajansı