Ugly Start to Week as Omicron Fears Ignite Market Selloff

The video discusses various factors affecting global markets, including political influences, economic forecasts, and the impact of rising COVID cases. It highlights the decline in Euro STOXX 600 and US 10-year yields, as well as the sell-off in crude oil due to demand concerns. The Turkish lira's volatility is noted, with President Erdogan's commitment to cutting interest rates based on Islamic principles. European markets are experiencing significant declines, with little hope for a year-end rally.

In what ways are rising COVID cases impacting demand in the market?

What is President Erdogan's stance on interest rates and how does it relate to market performance?