Markets returned to the decline with the opening of the European markets for the session today, Tuesday, 30th of November, the last session of the month of November, where the Dow Jones index in the futures loses about 400 points before the opening, to lead the market declines, while currencies and assets of safe havens rise after the statements of the CEO of Moderna raised the state of anxiety and fear and the markets .

Moderna CEO Stephan Bancel raised the heat in the markets again today, Tuesday, as Bancel announced a few hours ago in his statements to the Financial Times that current vaccines will be less effective in treating Omicron compared to previous strains and that it will take months until pharmaceutical companies can manufacture a new vaccine.

And the statements of the US President in his comment on the new Omicron mutant yesterday, Monday, had calmed fears, as he stressed that his country does not need a complete closure or impose new restrictions during the winter, according to his opinion, at least until the moment. Biden indicated that the new mutant will reach the United States of America sooner or later, and urged the Americans Not to panic, stressing that the United States of America is working with pharmaceutical companies to develop contingency plans if there is a need for new vaccines.

On the other hand, we followed during the opening session of the week yesterday, Monday, the statements of the President of the US Federal Reserve during the American session, Jerome Powell, and in his first observation of the new mutator, where Powell expressed his fears and concerns about the new mutator and that it may pose a negative risk to employment and economic activity and raise the state of uncertainty about inflation and the turmoil of chains supply.

Powell did not discuss monetary policy and the measure to reduce bond purchases from the US Federal Reserve in his speech yesterday, Monday, and therefore the markets will await his statements today before the Senate Banking Committee to learn about monetary policy changes by entering this variable into the crisis line.

And after market expectations rose that the US Federal Reserve might accelerate the pace of reducing bond purchases last week, especially after the statements of about five members of the US Federal Reserve and their support for this trend, and high expectations regarding the date of raising US interest rates, market expectations regarding the date of the first hike in US interest rates declined, according to the CME Group tool. From FedWatch since the beginning of the week to less than 65% in next July, compared to 75% last week, and this reflects the rising concerns about the new mutation and its impact on global growth.

In terms of economic data, pending home sales rose by 7.5% in October, according to data released Monday by the National Association of Realtors, after declining by 2.4% in September, exceeding expectations that indicated a growth of 0.8%.

Today, Tuesday, markets are awaiting with the exception of Jerome Powell’s testimony of growth data from Canada and the Chicago PMI index, in addition to statements by US Federal Reserve members Williams and Clarida.

The general index of the US dollar is trading at levels of 95.90 this morning, down by about 0.30%, while the Japanese yen and the Swiss franc are among the biggest beneficiaries in this situation because they are among the best safe haven currencies.

Gold, in turn, rises by about 0.40% and is trading at levels of 1792 dollars per ounce, taking advantage of the declines of the US dollar and placing it as one of the most important haven assets now in the markets.