Despite Omicron’s fears, European stocks gain this week

Despite Omicron's fears, European stocks gain this week

European stock indices fell during trading today, Friday, in light of the continuing concern over the spread of the “Omicron” mutant around the world, which is pressuring the economic recovery.

And Pfizer CEO Albert Borla said that humans may need to get a fourth dose of the “Covid-19” vaccine sooner than expected to prevent the “Omicron” mutant.

A study confirmed that the “Omicron” mutant is 4.2 times faster than the “Delta” strain.

The markets are closely following the reaction to government data released today, with the US consumer price index rising by 0.8% last month, while analysts expected the index to rise by 0.7%.

On an annual basis, the consumer price inflation index rose to 6.8% in November, the highest level since June 1982.

At the close of the session, the benchmark “Stoxx Europe 600” index fell by 0.3% to 475 oils, but the index achieved gains this week by up to 2.8%.

The British “FTSE 100” index fell by 0.4% to 7,291 points, the German “Dax” index fell 0.1% to 15,623 points, while the French “CAC” decreased by 0.2% to 6,991 points.

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