How infectious is the new B.1.1.529 variant compared to Delta?

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New Covid-19 Variant B.1.1.529 May Be More Infectious Than Delta

Scientists have raised concerns that the newly identified coronavirus variant, B.1.1.529, could be more infectious than the Delta variant. Early analysis indicates that this strain possesses a significant number of mutations that warrant further investigation into its transmissibility and potential impact on vaccine efficacy.
Potential for Increased Infectiousness

The emergence of the B.1.1.529 variant has prompted warnings from scientists regarding its potential to surpass the infectivity rates observed with the Delta variant. While specific comparative data on infectiousness has not yet been fully detailed, the large number of mutations detected in this new strain has led to a cautious outlook among researchers. The World Health Organization (WHO) is undertaking further studies to understand these mutations and their implications.
Global Market Reaction

Fears surrounding the new variant have already triggered significant reactions in global financial markets. Stock markets in Tokyo, Hong Kong, and Mumbai saw declines of over two per cent, while other Asian markets experienced losses exceeding one per cent. Similarly, European markets opened lower, with London, Paris, and Frankfurt all down at the outset. Companies within the travel sector have been particularly affected, with airlines like Qantas, Cathay Pacific, and Singapore Airlines experiencing notable drops in their share prices.
Impact on Oil Prices and Safe Havens

Concerns about the potential for increased containment measures impacting global demand have also led to a sharp decline in oil prices, with both Brent and WTI crude falling by more than four per cent. Concurrently, safe-haven assets have seen gains. The Japanese yen, often sought during times of economic uncertainty, strengthened against the US dollar, and the dollar itself saw an advance against other currencies, including the South African rand and the Mexican peso.

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How infectious is the new B.1.1.529 variant compared to Delta?

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