Omicron selloff looks overstretched

By Hussein Sayed, Chief Market Strategist at Exinity Group Last Friday could be regarded as 2021’s worst day in financial markets. Risk-off sent stocks, oil prices, commodity currencies and Treasury yields sharply

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COVID19: Europe turning into high-risk zone

The latest COVID-19 map issued by the European Centre for Disease Prevention and Control (ECDC) shows increased cases across Europe, consisting mostly of red or deep red zones. Cyprus remains in the red category

EU screens Cyprus for fiscal imbalances

Cyprus is one of 12 member states the EU will conduct an in-depth review (IDRs) under the Alert Mechanism Report (AMR), a screening measure to detect potential macroeconomic imbalances. This year’s AMR

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Vatican to build Cyprus embassy

The Cabinet has approved the leasing of state property in Nicosia’s Aglandjia area to construct a Vatican City State embassy. Deputy Government Spokesperson Niovi Parissinos said the Vatican’s administration would build the

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