NEWS DIGEST 29.11.2021: World stocks rally after Omicron scare, British Cyber Monday discount deals

Good morning on what is a very cold Monday and start to the week. Today our news comes from Google News (business section).

The FTSE 250 has gained 380 points to 22,920, as traders shake off some of last week’s anxiety over the pandemic. Europe’s stock markets have rebounded from their worst slump in over a year. The reports over the weekend that numerous cases of Omicron have already been discovered around the world, suggests it’s probably more widespread than people think already. Cases in the elderly population continue to collapse as the roll out progresses well and overall deaths have dropped nearly 20% over the last week to 121 – a tenth of where they were at the peak even though cases have recently been 80-90% of their peak levels. The UK’s FTSE 100 index has jumped 1% at the start of trading in London. European markets are set to rise too, after Friday’s plunge which saw £72bn wiped off the UK’s leading share index in its biggest percentage fall in over a year. The blue-chip FTSE 100 is expected to rally by over 1%, recovering a chunk of Friday’s losses – FTSE 100 rebounds as oil rallies despite worries over Omicron variant – business live (The Guardian – Business – Economics – Business live)

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Europe’s Stoxx 600 rose 1.1 per cent in early dealings, recovering from a fall of more than 3.5 per cent on Friday. Futures tracking the US S&P 500 index added 0.9 per cent after the broad US stock gauge fell 2.3 per cent on Friday. Japan’s Topix fell 1.8 per cent, while Hong Kong’s Hang Seng and South Korea’s Kospi each fell around 0.9 per cent. Brent crude, the international oil benchmark, rose 4 per cent to $75.59 a barrel, having lost more than 10 per cent on Friday in its largest fall since April 2020. In South Africa, where the variant was identified, the rand gained more than 1 per cent against the dollar on Monday to R16.08 after declining sharply on Friday – European stocks rise after sell-off sparked by Omicron variant (Financial Times – Markets Briefing Equities)

One in 16 homes in the UK is expected to have changed hands by the end of next month, making 2021 the busiest year for the housing market since 2007. Increased buyer demand, 19 per cent higher than the five-year average, coupled with a modest supply of homes to buy, 42 per cent lower than usual, has pushed up prices by almost 7 per cent in the past year, according to Zoopla. The property agent puts the average house price at £240,000. Growth has been steepest in Wales, where prices have risen by 10.8 per cent, and northwest England, where they are up 9 per cent. In London they have risen by 2.3 per cent – Buyer demand fuels house market frenzy (The Times)

In order to help you grab a bargain during the mammoth sales bonanza, our team of expert IndyBest deal-hunters are on hand to find you the best offers throughout the sale. We’ve already seen some standout deals but will continue to reveal the hottest offers as soon as they drop. If it’s a bigger one you’re after this LG OLED 48in 4K smart TV is a great deal with £500 off. Currys has slashed the price of the Apple HomePod mini, and it’s probably one of the best deals you’ll ever find on the brand’s fabulous smart speaker. It featured in our review of the best exercise bikes, our tester appreciated its large screen size, “so you can feel more involved in whatever class you’ve decided on”, while the boosted surround sound offered “ear munching volume and clarity” – Cyber Monday deals 2021 – live: Today’s post-Black Friday offers from Ninja, H&M, Sonos and more (Independent – Extras – IndyBest – Cyber Monday)

The Black Friday sale is almost over as Cyber Monday launches today in the UK. It means if you missed out on getting a discounted TV or a new Shark or Dyson vacuum then you’re in luck today as hundreds of retailers of offering last minute deals. From offers on the Dyson supersonic hair dryer, to Amazon’s Audible discounting thousands of books to just £1, Cyber Monday 2021 has a range of deals to suit everyone this year. We’ve already seen some standout deals this Cyber Monday like EE discounting a range of SIM-only deals including a 160GB data deal with unlimited minutes and texts for just £16 a month for 24 months. H&M also has a sale of up to 70% off while ASOS shoppers can get an extra 20% off thousands of styles with code – CYBERMON. Whatever the deal, we’ve got you covered – LIVE: Cyber Monday 2021 deals – Amazon, eBay, Currys, Very and more discount thousands of items (Manchester Evening News – What’s On – Shopping)

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