FT News Briefing Investors unsettled by new coronavirus strain, UK coronavirus strain explained, SoftBank launches Spac
Dec 22, 2020
Global stock markets are feeling the strain as a new coronavirus variant emerges in the UK, causing investor jitters. Scientists weigh in on the mutation's impact on vaccines and public health efforts. Meanwhile, SoftBank is making waves with a significant SPAC launch, seeking to raise $604 million. On a different note, Lululemon is turning its focus to international markets, capitalizing on the booming demand for yoga wear. Tune in for insights on these pressing topics!
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US Market Resilience
- U.S. markets showed resilience despite European market drops due to the new coronavirus strain.
- This resilience is attributed to the recent $900 billion stimulus agreement.
Mixed Investor Sentiment
- While the stimulus package offers some relief, investor sentiment remains mixed due to uncertainty surrounding the pandemic.
- The resurgence of lockdowns and delays in vaccine distribution contribute to this uncertainty.
New Strain's Impact
- The new coronavirus strain, while more infectious, is not believed to be more dangerous to individuals.
- Its increased transmissibility is the primary concern, prompting rapid responses from various countries.