European stocks are rising, taking the baton from Asian markets, attempting a positive close in a turbulent week marked by the discovery of the new Omicron mutation.
The FTSE 100 index in London strengthened 0.71% to 15,372.21 points, the CAC 40 rose 0.63% in Paris, and the DAX in Frankfurt gained 0.69% in points. FTSE MIB in Milan strengthens 0.78%, and IBEX 35 in Madrid by 0.58%
The Stoxx 600 is up 44%, with travel and leisure stocks recovering 2% after easing concerns about Omicron, as almost all industries and major stock markets hit positive ground.
Concerns about the potential impact of the Omicron variant appeared to diminish slightly on Friday, after scientists in South Africa, where the variant was first discovered, said existing vaccines should offer protection against a serious coronavirus disease.
Authorities around the world are trying to contain the new strain, which the South African health agency says has a threefold risk of re-infection with the world-leading Delta variant.
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