European stocks make muted gains as investors consider outlook for 2022

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In the Thursday morning trading, European equities showed a modest rise as investors traded during the holidays noted the increase in Covid-19 cases and considered the outlook for the next year.

The regional STOXX 600 index rose 0.3% and fell 0.1% on Wednesday. London’s FTSE 100 Index traded flat after rising 0.7% in the previous session, which resumed after Christmas holidays. France’s Cac 40 gauge rose 0.2%, while Germany’s Dax was stable.

In Asia, the Hang Seng Index in Hong Kong rose 0.1% and the Nikkei 225 in Tokyo fell 0.4%.

Futures contracts tracking the Wall Street Superior S & P 500 Index rose 0.1%, and futures contracts tracking the technology-focused Nasdaq 100 gauge rose 0.2%.Wednesday’s S & P rose 0.1% Record high, The Nasdaq Composite closed at 0.1% lower.

Covid cases are increasing worldwide, but investors are finding highly contagious Omicron coronavirus variants. Low rate of hospitalization Among patients more infected than previous strains.

Kevin Philip, Managing Director of Bel Air Investment Advisors, said: “Next year, in my opinion, we are facing a world unaffected by Covid and are back to normal.”

Still, World Health Organization director Tedros Adhanom Gebreyes warned Wednesday about the potential. “Tsunami of the incident”, Claims that Omicron’s high infectivity can still “increase hospitalization and mortality.”

France recorded the highest daily infections since the start of the pandemic on Wednesday, but the number of confirmed cases in the United Kingdom surged to a record 183,000. According to data from Johns Hopkins University, Tuesday’s seven-day moving average for the United States exceeded 265,000, the highest daily aggregate in the United States.

In the government debt market, benchmark US 10-year Treasury yields fell 0.01 percentage points to 1.53 percent. The equivalent 10-year German Bund yield was stable at minus 0.19 percent. Yields are inversely proportional to bond prices.

European stocks make muted gains as investors consider outlook for 2022 Source link European stocks make muted gains as investors consider outlook for 2022

The post European stocks make muted gains as investors consider outlook for 2022 appeared first on California News Times.

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