Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

European markets retreat as omicron Covid variant fears return; Stoxx 600 down 1.2%

by
December 2, 2021
in Trading News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

India may have to walk a tightrope as budget looms, analysts say

Wall Street is bullish on Europe — but analysts warn investors to avoid these 5 stocks

LONDON — European stocks pulled back on Thursday as concerns persisted over the omicron Covid variant.

The pan-European Stoxx 600 fell 1.2% in early trade, with tech stocks shedding 2.6% to lead losses as all sectors and major bourses slid well into the red.

Major markets across Asia-Pacific and the U.S. had bounced back Wednesday despite fears about the new variant and the Federal Reserve mulling a quicker-than-planned taper.

But global stocks appear to be struggling to regain momentum amid continuing uncertainty around the risks posed by the new omicron Covid variant, first spotted in South Africa last week and designated a “variant of concern” by the World Health Organization.

The WHO said on Wednesday that at least 23 countries from five of six WHO regions have now reported cases of omicron, “and we expect that number to grow.” It also noted that hospitalizations are rising across South Africa, but said it’s still too early to know whether the omicron variant is driving an increase in severe Covid-19 cases.

Asia-Pacific markets were mixed Thursday while U.S. stock index futures pointed to a higher open, after selling off on Wednesday as the CDC confirmed the first known case of the omicron variant in the U.S.. The first case of the heavily mutated variant was detected in northern California.

Data releases on Thursday include the euro zone unemployment rate for October and producer prices for the same month.

At the top of the Stoxx 600, Vifor Pharma shares surged more than 12% in early deals on reports that Australian biotech giant CSL is in talks to buy the Swiss group for around $10 billion.

At the bottom of the European blue chip index, Britain’s Royal Mail fell more than 6%.

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

ShareTweetPin

Related Posts

India may have to walk a tightrope as budget looms, analysts say

by
February 1, 2023
0

Nirmala Sitharaman, India's finance minister, speaks during a news conference at the National Media Center in New Delhi, India, on...

Wall Street is bullish on Europe — but analysts warn investors to avoid these 5 stocks

by
February 1, 2023
0

Europe has been one of the brightest spots in the global stock market this year, with the benchmark Stoxx 600...

Luxury stocks rally as China reopens, but Chinese consumers may choose to shop ‘in-house’

by
February 1, 2023
0

A salesperson showing the limited edition launched by Emporio Armani to welcome the Year of the Tiger at a duty-free...

Black Swan’s Taleb Warns ‘Disneyland’ Is Over for Investors

by
February 1, 2023
0

S&P Futures 4,079.75 -10.25(-0.25%)   Dow Futures 34,079.00 -77.00(-0.23%)   Nasdaq Futures 12,107.00 -45.00(-0.37%)   Russell 2000 Futures 1,935.00 -4.40(-0.23%)...

Stocks moving in after hours: Snap, AMD, Match Group, EA

by
February 1, 2023
0

S&P Futures 4,079.75 -10.25(-0.25%)   Dow Futures 34,085.00 -71.00(-0.21%)   Nasdaq Futures 12,108.25 -43.75(-0.36%)   Russell 2000 Futures 1,935.10 -4.30(-0.22%)...

Next Post

U.S. tightens travel testing requirements, mask mandates as part of broader plan to fight Covid

Biden asks businesses to proceed with vaccine mandate after omicron variant arrives in U.S.

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

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Biden didn’t accept Putin’s ‘red lines’ on Ukraine – here’s what that means

    0 shares
    Share 0 Tweet 0
  • Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.

    0 shares
    Share 0 Tweet 0
  • The states that won’t tax military retirement in 2022

    0 shares
    Share 0 Tweet 0
  • Roth TSP vs. Roth IRA: How Do They Compare?

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com