[유럽증시] Omicron rebounds all at once on shock easing

[샌프란시스코=뉴스핌]Correspondent Narae Kim = Stock markets in major European countries succeeded in rebounding all at once on the 29th (local time).

Frankfurt Stock Exchange, Germany [사진= 로이터 뉴스핌]

The pan-European STOXX 600 index closed at 467.24, up 3.19 points (0.69%) from the previous trading day, and the DAX index of the Frankfurt Stock Exchange in Germany rose 23.82 points (0.16%) to 15,280.86. In addition, the CAC40 index of the Paris stock market rose 36.52 points (0.54%) to 6776.25, and the FTSE100 index of the London stock market rose 65.92 (0.94%) to 7109.95.

Investors are paying attention to the ripple effect of Omicron, a variant of the coronavirus, and are keen to see if the economic recovery and central banks’ austerity plans will be disrupted. European stocks posted their worst sell-off in a year on the 26th, but the pan-European STOXX 600 index hit a monthly high today.

The market was positive as the shock eased by the announcement that Omicron’s symptoms were mild. A South African doctor, who first reported the existence of the omicron mutation, said that the infected patients were treated with mild symptoms, mostly fatigue, and could be treated at home. As a result, travel and leisure-related stocks rose. Wiz Air, Lufthansa, TUI Group, Ryanair and Carnival all rose 1-5.5%.

Financial stocks also rose 1.7%, while energy and basic materials-related commodity prices rose as commodity prices rose.

The FTSE 100 rose the most as investors bet the Bank of England could reconsider its tightening monetary policy next month.

“The emergence of the omicron mutation has rekindled fears that we are not yet out of the crisis, and it has also changed market expectations for monetary policy,” said Reis Kharaf, head of investment analysis at AJ Bell.


Leave a Reply

Your email address will not be published.