European shares ended the session higher, on Tuesday, recovering from yesterday’s losses, supported by a jump in commodity and travel-related shares, which offset fears of the spread of Omicron, the mutated Corona virus.
Sharjah 24 – Reuters:
European shares closed higher, Tuesday, recovering from yesterday’s losses, supported by a jump in commodity and travel-related shares, which offset fears of the spread of the Corona virus, Omicron.
The pan-European Stoxx 600 index rose 1.4 percent, and mining and oil companies were among the biggest gainers, amid rising copper and crude prices, and travel stocks also rose.
The Stoxx 600 rebounded after two days of losses as concerns about COVID-19 restrictions across Europe continued to weigh on sentiment, while volatility could increase due to a lack of liquidity ahead of the year-end holiday.
The FTSE 100 index in London rose 1.4 percent thanks to strong gains in energy companies Royal Dutch Shell and BP, miners Rio Tinto and BHP Group.
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