Regeneron and Lilly antibody drug cocktails reportedly lose effectiveness against the omicron variant
This according to a WSJ report, with Regeneron saying that its COVID-19 antibody drug cocktail was found to lose effectiveness against omicron based on preliminary tests. Adding that perhaps there needs to be a modification if the new strain becomes widespread.

Latest data released by Eurostat – 30 November 2021
However, services inflation and non-energy industrial goods inflation were both also seen above the 2% mark. That suggests that the rise in underlying price pressures is quite broad as well. Just something to be wary about.

A full 25 bps rate hike now seen in September 2022
That compares to last week when a 25 bps rate hike was priced in for July 2022 instead. As mentioned , this is arguably one reason why the euro is managing to take in some comfort against the dollar since Friday.

10-year Treasury yields approaching a key technical crossroads
The November low and the 100-day moving average (purple line) resides at the level so a break below that could see yields tumble further amid the risk-off sentiment in the market.

What is driving the move higher in EUR/USD?
A simplistic approach to viewing major currencies is that when markets are risk-off, the main beneficiaries are typically the yen, franc and dollar.