untitled design

Upward reaction in the European markets after the losses in November

European stock markets are gaining ground on Wednesday after yesterday’s losses that followed the worries about the new Omicron mutation of the coronavirus and the possibility of escaping the protection offered by vaccines.

Asian stocks also recovered, as did the futures of US indices after Tuesday’s heavy losses in the bad climate created by the concern about the new Omicron mutation. The investment psychology was aggravated yesterday by the statement of the President of the Federal Reserve Jerome Powell that the central bank will consider ending the bond markets earlier, in order to focus on the fight against inflation.

Markets, meanwhile, are waiting for scientists to hear more details about how the new mutation reacts to existing vaccines and treatments. The World Health Organization has announced that it will take several weeks to form a clear picture of the protection that vaccines offer against the new mutation.

On the board, the pan-European STOXX 600 index strengthened by 0.8% to 466.70 points after a total loss of 2.6% in November.

The German DAX strengthened by 0.95% to 15,243.40 points, the French CAC 40 gained 0.9% to 6,781.92 points, while the British FTSE 100 gained 1% to 7,129.13 points.

In the region, the Italian FTSE MIB gained 0.9%, while the Spanish IBEX 35 gained 0.8%.

.

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular