Stock markets in Europe advance after wave of sales due to fear of Omicron variant

The main stock exchanges of Europe They ended the session on Tuesday with strong advances. The stock markets of the old continent rebounded after some pronounced setbacks caused by the fear of the Covid-19 Omicron variant and the consequences it could have on the global economy.

The Milan Stock Exchange led the advances with a gain of 1.82% in its index FTSE MIB, followed by the Ibex 35 of Madrid, with 1.76 percent. The FTSE 100 and the CAC 40, of the London and Paris squares, respectively, moved 1.38%, while the index DAX, from the Frankfurt Stock Exchange, gained 1.36 percent.

The volatility index Euro Stoxx 50, which measures the stock performance of the 50 issuers with the highest value by capitalization in the euro zone, closed with a gain of 1.65%, with 46 of its components in green. The best performances were Airbus Group, with 4.64%, and Vivendi, with an increase of 4.49 percent.

Markets fell on Monday as investors turned away from risky assets in reaction to new restrictions on mobility in Europe. “A rebound is a rebound. The markets found support, after Monday’s losses, as a certain appetite for risk was renewed,” said the firm eToro.

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Reference-www.eleconomista.com.mx

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