The government of Shanghai city announced on Monday that they will deem all districts as "not at risk of Covid" from Tuesday, December 13, as reported by Reuters.

Earlier in the day, Chinese officials announced that they will take the application used to track coronavirus cases offline later this week.

Market reaction

There seems to be a positive shift in risk sentiment following this headline. As of writing, US stock index futures were up between 0.2% and 0.35% on a daily basis. Meanwhile, the US Dollar Index was last seen losing 0.17% at 104.75.