European markets are in trouble for fear of the return of Omicroncovid variants

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London — European stocks fell on Thursday as concerns continued about omicron Covid variants.

Pan-Europe Stoxx 600 Travel and leisure stocks fell 1.8% to lead losses as early trading fell 0.9% and all sectors and major stock exchanges fell into the red.

Major markets in the Asia Pacific region and the United States as a whole bounced back on Wednesday Despite concerns about new variants and the Federal Reserve considering a faster taper than planned.

But global equities regain momentum amid continued uncertainties about the risks posed by the new Omicroncovid variant, first discovered in South Africa last week and designated as a “variant of concern” by the World Health Organization. Seems to be struggling.

WHO said on Wednesday that five to at least 23 of the six WHO regions reported cases of Omicron, “we expect that number to increase.” He also mentioned that hospitalizations are increasing across South Africa. However, he said it was too early to know if Omicron variants were driving the increase. Strict COVID-19 Case.

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The Asia-Pacific market was mixed on Thursday, but US stock index futures showed a higher open after being put up for sale on Wednesday. CDC confirms the first known case of Omicron variant in the United States.. The first case of a highly mutated variant was detected in Northern California.

Thursday’s data release includes the Eurozone unemployment rate for October and producer prices for the same month.

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European markets are in trouble for fear of the return of Omicroncovid variants

Source link European markets are in trouble for fear of the return of Omicroncovid variants

The post European markets are in trouble for fear of the return of Omicroncovid variants appeared first on Eminetra.

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