European stocks close sharply higher, recovering from yesterday’s losses | Grants and indicators

European stocks close sharply higher, recovering from yesterday's losses |  Grants and indicators

At the end of the regular session, the Stoxx Europe 600 index closed up 1.71% to 470.86 points, with gains led by shares of travel, leisure and basic resources companies. On the stock exchanges, Paris rose 2.39% and Frankfurt jumped 2.47% each, while London advanced 1.55%.

Among the stocks, the sharp rise in the regions was Wizz Air (+8.8%), Deutsche Lufthansa (+6.7%) and British Airways owner, Consolidated International Airlines Group, which rose 6.2%. E-commerce companies, on the other hand, fell, with German food delivery company HelloFresh losing 5.1% and UK-listed food delivery company Deliveroo losing 3.1%.

Overall, investors are still assessing whether omicron will lead to more restrictions in Europe and the US and also how governments and central banks will respond to support the economy. Since the news, stock markets have shown greater volatility, which could continue until there is more clarity on the impact of the variable.

Markets are oscillating between overwhelming fear and bouts of optimism as a result of the recent sell-off [dos ativos de risco] IG analyst Joshua Mahoney said that while drugmakers have said the strain first identified in South Africa appears to be making existing vaccines less effective, investors are betting that a return to large-scale blockades is unlikely.

The content was originally published by Valor PRO, the real-time news service of Economic value

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About the Author: Camelia Kirk

"Friendly zombie guru. Avid pop culture scholar. Freelance travel geek. Wannabe troublemaker. Coffee specialist."

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