European stocks jump to 5-week high in calm trading

Economies.com
2021-12-27 12:29PM UTC

European stocks rose on Monday, and hit a 5-week high, resuming gain for after taking a pause on Thursday.

 

The Stoxx Europe 600 index rose more than 0.3% as of 11:45 GMT, and hit the highest level since November 22 of 484.17 points, after closing lower by 0.1% on Friday.

 

The travel sector saw the largest gains in Europe today, with a rise of over 2%, as fears about Omicron eased.

 

The pan index gained 1.8% last week, in the second weekly gain in 3 weeks, as fears about Omicron Covid eased.

 

The travel sector saw the largest gains in Europe today, with a rise of over 0.75%.

 

A study in South Africa on cases infected with the omicron variant suggests lower risk of hospitalization and severe disease compared to the delta variant.

 

The study found that patients who were diagnosed with Omicron between October 1 and November 30 were 80% less likely to be hospitalized than those diagnosed with another variant during the same period.

 

S&P 500 futures rose 0.25% today, after the index closed higher by 0.6% on Thursday.

 

Back to Europe, the Euro Stoxx 50 index rose 0.25%, France's CAC 40 rose 0.2%, and Germany's DAX index rose 0.3%, while the UK's FTSE 100 rose 0.3%.

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