European shares rise for the third consecutive session amid signs of...


European shares rose during the trading session on Thursday, December 23rd, with some signs of hope regarding the pivot Omicron.

The pan-European Stoxx 600 index closed up about 1%, with travel and leisure stocks rising 1.7%, to lead the gains amid optimism about Corona.

The German Dax index rose by 1%, the French CAC40 index also rose by 0.77%, in addition to the British FTSE’s rise by 0.43%.

Airlines shares were among the best performers, with shares of British Airways parent IAG and Hungarian airline Wizz Air up 2%.

While United Internet shares in Germany fell by about 1.6 percent, after the news that CEO Ralph Dommermuth has raised his ownership in the company to 50.1%, but will not make a voluntary takeover offer to shareholders.

With regard to Corona, experts say that it is still too early to know how dangerous the Omicron mutant is, but the study offers hope that the risk of the new mutant to humans will not be as severe as it was initially feared.

This resulted in the rapid spread of the mutant Omicron To push governments around the world to re-implement some Corona restrictions trying to contain it.

The US Centers for Disease Control and Prevention (CDC) has approved Pfizer’s anti-coronavirus drugs for people 12 years of age or older who are at risk of severe disease.





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