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Manufacturing growth in the euro zone accelerated slightly last month but supply chain bottlenecks worsened, putting a cap on output and driving the cost of raw materials up at the fastest rate in over two decades, a survey showed.
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The S&P 500 will gain 7.5% between now and the end of 2022 to finish at 4,910, driven by earnings and economic growth that will extend this year's rally, according to the median prediction in a Reuters poll of strategists.
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Norway has identified its first two cases of the new Omicron coronavirus variant, the west coast municipality of Oeygarden and the health ministry said on Wednesday.
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Russia's stock market will recover in 2022 from the November sell-off driven by fears of more sanctions and COVID-19 concerns but expected stimulus withdrawal in the United States could cap gains, a Reuters poll of 12 market experts showed.
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U.S. lawmakers on Tuesday are expected to grill the heads of the Federal Reserve and Treasury Department over stubbornly high inflation and the possible impact of the new Omicron COVID-19 variant on what both officials view as a strong economy.