Tourism > Weekends

China sees fall in new COVID-19 cases amid strict local lockdowns

1 month ago   |   By

China reported 80 new COVID-19 cases on Saturday, mostly in the northeast where some residents complained they were short of food amid an ongoing local lockdowns, down from Friday's 107. The numbers pale in comparison to many countries, where new daily infections can measure in the thousands, but the world's most populous country is determined to keep the spread in check ahead of next month's Lunar New Year holiday when millions travel to their home provinces. Saturday's toll included 65 domestic cases, with more than half in the northeastern provinces of Heilongjiang and Jilin. China...
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The stock market is in risk-on mode as a sharp decline in COVID-19 cases means a big economic surprise is possible, Fundstrat's Tom Lee says

The stock market is in risk-on mode as a sharp decline in COVID-19 cases means a big economic surprise is possible, Fundstrat's Tom Lee says

1 month ago   |   By

Cindy Ord/Getty Images
A sharp decline in COVID-19 cases is leading to a newfound risk-on mode for the stock market, Fundstrat's Tom Lee said in a note on Thursday. The bullish groundswell in stocks is evidenced by a rally in high-yield bonds and declining volatility. If the COVID-19 downturn continues, a quicker-than-expected opening of the US economy would represent a big upside surprise for the market, Lee said. Sign up here our daily newsletter, 10 Things Before the Opening Bell. The US stock market is entering "risk-on" mode as COVID-19 cases stage a sharp decline, Fundstrat's Tom Lee...
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