European stock markets made small changes at the last meeting of 2021, with investors preparing to welcome 2022 in the shadow of the micron coronavirus mutation.
European indices recorded an impressive rally this year as European economies recovered strongly after the nightmare 2020, with the help of the European Central Bank’s highly facilitative policies and fiscal stimulus packages. These gains, however, overshadowed at the end of the year concerns about the micron mutation of the coronavirus that has led to an outbreak of cases worldwide.
Investors are optimistic, however, that the micron will not derail the global recovery as governments opt for milder restrictive measures instead of the total lockdowns that led the global economy into recession in 2020. At the same time, a large percentage of the population is now vaccinated. Boosting campaigns have accelerated.
On the board, the pan-European STOXX 600 index loses 0.02% to 488.63 points. The pan-European index is heading for gains of 22.5% this year.
The German DAX recorded small gains of 0.2% at 15,884.86 points, the French CAC 40 fell 0.2% to 7,159.81 points, while the British FTSE 100 lost 0.4% to 7,374.30 points.
The FTSE and DAX are heading for a total profit of 15% in 2021, while the French CAC is recording an impressive rally of 30%.
The stock markets will close earlier today, while the markets in Italy and Switzerland will remain closed.
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I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
