The Stoxx Europe 600 Index gained 0.6 per cent, extending last week’s rally and hitting its highest level in five weeks.
Europe’s main index is up 22 per cent in 2021, and less than 1 per cent from its record high.Coronavirus infections have spiked across the globe over the weekend, with France reporting a daily record of more than 100,000 new cases. Equities in the region are having a bumpy end of year as market participants weigh economic prospects amid the spread of the new omicron variant and as central banks have turned more hawkish in response to surging inflation.
With only a few sessions left in the year, Europe’s main index is up 22 per cent in 2021, and less than 1 per cent from its record high. “This week should be a transitional one, with few sessions, low volumes and not much news expected,” said Jaime Espejo, equities fund manager at Imantia Capital in Madrid. “The coronavirus threat is still very vivid as the infections rate is higher than expected.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks rise for fourth sessionThe S&P 500 was heading toward another record close as shares advanced in New York along with oil and copper. Bitcoin flirts with $US52,000.
Read more »
Queensland’s COVID-19 cases continue to surge amid warning to brace for more casesPremier Annastacia Palaszczuk warned Queenslanders that cases will continue to rise in the coming days.
Read more »
QR check-ins and two-metre rule mandatory in NSW from todaySome COVID-19 restrictions return to NSW as soaring infection numbers furlough about 2,000 healthcare workers and the Health Minister warns 'we're all going to get Omicron'.
Read more »
France, England resist lockdowns despite soaring COVID cases as European neighbours implement curbsThe Dutch government goes further than most European countries and shuts down all non-essential shops, restaurants and bars.
Read more »
US alarm at rise in child Covid infections sees school closures back on agendaOmicron threat stokes fears coast to coast but leading public health expert says ‘We know how to keep schools open and safe’
Read more »