Daybreak Europe Show Open: The Omicron Threat

The transcript discusses the Moderna CEO's statement on reduced vaccine efficacy against a new strain, leading to market volatility. Various assets, including commodities and currencies, are affected. The discussion highlights the role of headlines in market reactions and the potential policy responses, particularly from Jay Powell, to stabilize markets and address concerns about employment and inflation.

What did the Moderna CEO recently state about the effectiveness of current vaccines?

• They are equally effective on all strains.

• They are less effective against the new strain.

• They are more effective against the new strain.

• They have no effect on the new strain.

Which assets are mentioned as heading lower due to market reactions?

• Cryptocurrencies

• Commodity currencies and oil

• Real estate

• Technology stocks

What is the market's state described as in the second section?

• Stable

• Predictable

• Volatile

• Calm

Which countries' currencies are considered high bidders reacting aggressively?

• Australia and Canada

• Japan and China

• Germany and France

• US and UK

What was Jay Powell's concern in his testimony that affected the markets?

• Government spending

• Employment and inflation

• Interest rates

• Trade deficits