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Most currencies in Latin America were trading higher on Tuesday after the dollar weakened, while stocks in the region were set for monthly falls by fresh doubts of how effective COVID-19 vaccines are against the Omicron variant.

Futures for Canada's main stock index on Tuesday tumbled as doubts arose about how effective current COVID-19 vaccines were against the Omicron variant, with sliding oil prices further denting risk appetite.

The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in November and October, according to a Reuters survey published on Tuesday.

The increase in OPEC's oil output in November has again undershot the rise planned under a deal with allies, a Reuters survey found on Tuesday, bringing a lack of capacity in some producers into focus ahead of a policy meeting this week.

Wall Street shares rose to record levels on Monday and European stocks turned higher after U.S. President Joe Biden picked Jerome Powell to continue as Federal Reserve chair, in a move welcomed as a signal of stability by global investors.

Emboldened by its recent success at Danone , activist Bluebell Capital is trying its luck at Glencore . With coal prices near record highs, the upstart fund has chosen an unfortunate moment to argue that investors would be better served spinning off the group’s extensive holdings of the pollutant. The intervention isn’t entirely unhelpful, though.

Wall Street's main indexes tumbled more than 1% on Tuesday after Federal Reserve Chair Jerome Powell said the risk of higher inflation has increased and that it was appropriate to consider wrapping up tapering of bond purchases a few months sooner.

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

The South African rand strengthened on Tuesday, benefiting from a weaker dollarafter Moderna's chief executive said COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been with other types.