Oil prices have fallen and shares are back under pressure after a warning from the boss of Moderna that existing vaccines are likely to be less effective against the omicron variant.
Stéphane Bancel also told the FT it may take months for new vaccines to be developed at sufficient scale. His comments triggered more selling pressure after yesterday's 1% rebound for the FTSE 100 index.
In corporate news, easyJet has provided investors with the latest on booking trends alongside the publication of annual results.
