Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

European markets climb despite global concern over omicron variant

by
November 29, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits

Here’s where to invest $10,000 right now, according to the pros

LONDON — European stocks started the new trading week higher, despite extensive concerns over the newly discovered omicron Covid variant.

The pan-European Stoxx 600 climbed 0.9% in early trade, with travel and leisure stocks jumping 3% to lead gains, while autos fell 0.2%. Almost all sectors and major bourses traded in positive territory, with stocks looking to rebound from Friday’s sell-off.

The World Health Organization labeled the new omicron strain a “variant of concern” on Friday.

While scientists continue to research the variant, omicron’s large number of mutations has raised alarm. Preliminary evidence suggests the strain has an increased risk of reinfection, according to the WHO.

The variant has been found in the U.K., Israel, Belgium, the Netherlands, Germany, Italy, Australia and Hong Kong, but not yet in the U.S. Many countries, including the U.S., moved to restrict travel from southern Africa.

Vaccine makers have announced measures to investigate omicron with testing already underway. While it remains to be seen how omicron responds to current vaccines or whether new formulations are required, Moderna’s Chief Medical Officer Paul Burton said Sunday the vaccine maker could roll out a reformulated vaccine against the omicron variant early next year.

U.S. stock futures also moved higher in early premarket trading on Monday following Friday’s sell-off as investors look ahead to key economic data set to be released this week, including the November jobs report which is expected to show solid jobs growth. Economists surveyed by Dow Jones expect 581,000 jobs to have been added in November.

Elsewhere, shares in Asia-Pacific largely fell in Monday trade as markets struggled to regain confidence after the WHO announcement last Friday, when the Nikkei 225 in Japan and Hang Seng index in Hong Kong both fell more than 2% following the news.

Oil prices were higher during early European trading hours, after Brent crude dropped as much as 13% on Friday, its worst day this year.

International benchmark Brent crude futures were up 3.7% to $75.43 per barrel on Monday morning while U.S. crude futures gained 4.3% to $71.09 per barrel.

On the data front, euro zone business climate and economic sentiment data eased in November as expected. The European Commission’s economic sentiment gauge fell to 117.5 points from 118.6 in October, while inflation expectations pulled back slightly too.

In terms of individual share price movement, cruise ship operator Carnival climbed 6.9%, beginning to bounce back from Friday’s plunge.

BT climbed 4.8% after a report suggested that Indian oil-to-telecom conglomerate Reliance is considering an offer for the British company.

At the bottom of the European blue chip index, French car parts group Faurecia fell 5.8% after cutting its full-year guidance.

Enjoyed this article?
For exclusive stock picks, investment ideas and CNBC global livestream
Sign up for CNBC Pro
Start your free trial now

— CNBC’s Hannah Miao and Eustance Huang contributed reporting to this story.

ShareTweetPin

Related Posts

Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits

by
March 29, 2023
0

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan...

Here’s where to invest $10,000 right now, according to the pros

by
March 29, 2023
0

Markets have been hit by volatility over the past month leading some retail investors to question where to park their...

Mortgage demand gets a boost from bank volatility, but it may be short-lived

by
March 29, 2023
0

An 'open house' flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison...

Bitcoin climbs 5% above $28,000 as investors shrug off regulatory crackdowns

by
March 29, 2023
0

In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Bitcoin is up 50% so far in 2023, beating major...

IHOP overhauls its menu: Cinn-A-Stack pancakes are back, savory crepes are in

by
March 29, 2023
0

In this article DIN Follow your favorite stocksCREATE FREE ACCOUNT IHOP's new crepe lineup features sweet and savory flavors. Source:...

Next Post

Dow futures rebound by 200 points after Friday's big sell-off as investors reassess omicron risk

Zoom vs. Microsoft: 'I don't see why you would choose Zoom' at these levels, trader says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com