European stocks rise after Wall Street closes higher


European stocks have rebounded as concerns about the effects of the Omicron coronavirus variant have diminished and Chinese authorities have shown efforts to stimulate the country’s economic slowdown.

Early trading on Tuesday saw a 1.6% increase in regional Stocks Europe 600 due to increased share of technology, consumer, industry and financial businesses. London’s FTSE 100 rose 1.1%.

Wall Street S & P 500 Index Closed 1.2 percent higher On Monday, following Omicron’s volatility for over a week and expectations that the US central bank will tighten monetary policy.

Index Value stock For S & P, which offers higher dividend yields and is expected to rise when economic growth prospects improve, it ended Monday’s session 1.5% higher.

Scientists are still studying Severity of Omicron mutants Possibility to avoid the vaccine.A few Initial data According to reports from South Africa, this strain is unlikely to cause more serious illness than previous waves of infection.

The UK government has imposed a new travel ban, Confirmation of community infection Variants during the European Health Ministers’ meeting in Brussels on Tuesday Discuss Coordinated response to the latest waves of viruses.

Emiel van den Heiligenberg, Head of Asset Allocation for Legal & General Investment Management, said:

However, he added, the “impact on the overall stock market earnings” of the previous blockade was “relatively short-lived.” “Our bet is for equity investors to consider it.”

Meanwhile, China’s central bank on Monday Reduction Deposit lenders must be set aside to add liquidity to the financial system, but the government’s highest decision-making body has promised “flexible” monetary policy.

“In both action and language, Chinese policymakers are willing to relax their policies to counter the sharp slowdown in growth,” Wei He, a Chinese analyst at Gavekal Dragonomics, notes. wrote.

The Hang Seng Index in Hong Kong rose 2.7% and the Tokyo Stock Price Index rose 2.2%.

In the government debt market, yields on benchmark 10-year Treasuries rose 0.01 percentage points to 1.44 percent as shelter asset prices softened.

Brent crude rose 1.8% to $ 74.37 a barrel.

Not Hedged — Markets, Finance, Strong Opinions

Robert Armstrong analyzes the most important market trends and explains how the best of Wall Street responds to them.sign up here Send your newsletter directly to your inbox on weekdays

European stocks rise after Wall Street closes higher Source link European stocks rise after Wall Street closes higher

The post European stocks rise after Wall Street closes higher appeared first on California News Times.

Source link


Please enter your comment!
Please enter your name here

Share post:


More like this