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Yields on Japan's 10-year government bonds fell on Thursday, tracking U.S. Treasuries, whose yields slid since the new coronavirus variant Omicron posed risks to global economic recovery.

The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to tightening labor market conditions, while layoffs tumbled to the lowest level in 28-1/2 years in November.

CSL’s Swiss expedition risks derailing its winning streak. The $99 billion Australian flu-jab maker is in talks to buy Vifor Pharma for around $7 billion, according to Australian media. The target’s sickly share price makes the pounce timely, although the returns look paltry unless Chief Executive Paul Perreault can unearth lots of synergies. A looming patent expiry for one of Vifor’s key drugs adds to the unknowns.

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

Chinese steel rebar and hot rolled coils futures jumped on Thursday, as demand for the most traded May deliveries are expected to recover from the weak consumption season.

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Copper prices edged lower on Thursday as fears over the spread of the Omicron coronavirus variant and slowing economic growth in China weakened the outlook for demand.

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Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com