European stocks rise for first session in 3 as Omicron fears ease
European stocks rose in early trading on Monday, to head for the first gain in 3 session, thanks to improved investor sentiment, as concerns about the Omicron variant eased.
The Stoxx Europe 600 index rose 0.5% as of 10:55 GMT, after closing lower by 0.6% yesterday, due to a sell-off in the tech sector.
The pan European index lost 0.3%, in the third straight weekly loss, due to concerns over Omicron.
The energy sector saw the largest gains in Europe today, with a rise of nearly 1.5%, as oil prices rose.
The South African Medical Research Council published that early observations in Pretoria showed that most Covid-19 patients are not dependent on receiving oxygen.
S&P 500 futures rose 0.5% today ahead of Wall Street's opening, after the index lower 0.2% on Friday weighed down by tech stocks.
Back to Europe, the Euro Stoxx 50 index rose 0.5%, France's CAC 40 rose 0.7%, and Germany's DAX index rose 0.3%, while the UK's FTSE 100 rose 0.9%.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1346
|
-0.0058
|
0.5127%
|
|
|
|
|
1.3554
|
-0.0103
|
0.7569%
|
|
|
|
Tadawul
|
12238.77
|
-35.50
|
0.29%
|
|
|
|
|
24.347
|
1.336
|
5.803%
|
|
|
|
|
84.900
|
1.031
|
1.229%
|
|
|
|
|
87.69
|
-0.69
|
0.78%
|
|
|
|
|
1834.610
|
14.150
|
0.777%
|
|
