European stocks closed higher on Tuesday (21), recovering from yesterday’s losses with a jump in papers linked to commodities and travel, overshadowing concerns about risks associated with the spread of the Ômicron variant of the coronavirus.
The pan-European STOXX 600 index closed up 1.42% at 473.99 points, with mining, oil and travel stocks among the biggest gains amid higher oil and copper prices and amid mild resumption of risk appetite.
The benchmark STOXX 600 index rallied after two days of losses as fears surrounding Covid-19-related restrictions weighed on sentiment. In addition, the lack of liquidity ahead of the Christmas and New Year holidays is expected to heighten market volatility.
The London FTSE 100 index gained 1.4%, with strong gains in energy companies Royal Dutch Shell and BP, as well as mining companies Rio Tinto and BHP Group.
- In London, the Financial Times index increased 1.38%, to 7,297.41 points;
- In Frankfurt, the DAX index rose 1.36% to 15,447.44 points;
- In Paris, the CAC-40 index gained 1.38% to 6,964.99 points;
- In Milan, the Ftse/Mib index appreciated by 1.82%, to 26,653.30 points;
- In Madrid, the Ibex-35 index rose by 1.76%, to 8,387.50 points;
- In Lisbon, the PSI20 index increased 1.22% to 5,451.37 points.
Reference: CNN Brasil
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