Positive sign on major European stock exchanges on Thursday, with the Stoxx 600 gaining for the 3rd consecutive day as investors draw optimism from the results of a recent study for Omicron which showed that the risk of hospitalization is lower compared to Delta.
In particular, research from Imperial College London shows that the risk of needing hospitalization for patients infected with the Omicron variant of Covid-19 is 40-45% lower than for those infected with Delta. “In general, we find evidence that the risk of hospitalization with Omicron is reduced, compared to Delta, in all cases identified during the study period,” the researchers note.
Another study from South Africa – where the new strain was first identified – also shows a reduced risk of hospitalization and serious illness. The study found that people diagnosed with micronutrients in South Africa between October 1 and November 3 were 80% less likely to be hospitalized than other strains during the same period.
The news that Merck and Pfizer antiviral pills against covid-19 have given the green light for emergency use in the US and the announcement by AstraZeneca that the booster dose of its vaccine significantly boosts antibody levels also gave impetus to investment psychology. against Omicron.
Analysts warn, however, that it is too early to know for sure whether Omicron is more or less dangerous, despite the encouraging data that has been announced so far. The rapid spread of the new mutation has forced many European governments to implement severely restrictive measures, again affecting economic activity.
In this climate, the pan-European index Stoxx 600 strengthened by 0.97% to 483.01 points with the travel and leisure sector leading the profit with an increase of 1.7%. Shares of the airlines were among the winners, with British Airways parent company IAG and Hungarian carrier Wizz Air up about 2%.
In the individual dashboard, the German DAX added 1.04% to 15,756.31 points, the French CAC 40 gained 0.77% to 7,106.15 points and the British FTSE 100 recorded an increase of 0.43% to 7,373.34 points.
In the periphery the Italian FTSE MIB gained 0.7% to 27,016.22, while the Spanish IBEX 35 strengthened by 1.24% to 8,563.70 points after the data showed that the Spanish economy grew faster in the third quarter than expected, by 2.6%, compared to the initial announcement of 2% growth.
In the individual shares, German Internet Internet fell 1.6% after the news that CEO Ralph Dommermuth increased his stake in the company to 50.1%, but will not submit a voluntary takeover bid to shareholders.
In corporate news, Ryanair announced on Wednesday that it had revised its year-over-year loss forecast more than twice, citing the reintroduction of travel restrictions in several countries due to the coronavirus.
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