European stocks jumped 2.5% this Tuesday (7), driven by a strong recovery in technology papers, amid reduced fears about the Ômicron variant of the coronavirus, while German stocks rose nearly 3%, driven by automakers.
The pan-European STOXX 600 index closed up 2.45% to 480.18 points, its best session since November last year, returning to levels seen before fears over the new strain of the virus rose.
“Last week’s sellers were pushed out of the way in a rush to get back into stock now that fears about Ômicron are easing almost as quickly as they appeared. Billions have been returned to bond prices since Friday’s lows, with December maintaining its reputation as one of the strongest months for equities,” said Chris Beauchamp, chief market analyst at IG.
Tech stocks advanced 5.6% after hitting seven-week lows on Monday, while miners tracked gains in copper and iron ore prices as China, the metals’ biggest consumer, eased its monetary policy. .
- In London, the Financial Times index increased 1.49%, to 7339.90 points;
- In Frankfurt, the DAX index rose 2.82% to 15,813.94 points;
- In Paris, the CAC-40 index gained 2.91%, at 7,065.39 points;
- In Milan, the Ftse/Mib index appreciated 2.41%, at 27,137.98 points;
- In Madrid, the Ibex-35 index rose by 1.42% to 8,559.50 points;
- In Lisbon, the PSI20 index increased by 1.04%, to 5,567.68 points.
Reference: CNN Brasil
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