Friday, January 21

European equities end: new concerns about Omikron end recovery rally

PARIS / LONDON (dpa-AFX) – After two strong days, the recovery on Europe’s stock exchanges is stalling. The hope that the omicron variant of the coronavirus could be less dangerous are contrasted with reports of possibly lower vaccination protection against the new form of the virus. At the same time, there are other construction sites for investors, such as the crisis in the Chinese real estate market and the persistently high inflation.

The EuroStoxx 50 (EURO STOXX 50) fell by 1.01 percent to 4233.09 points. The euro zone’s leading index had recently made up a good six percent from the low at the end of November. The French CAC 40 gave way on Wednesday by 0.72 percent to 7014.57 points. The British FTSE 100 held up better, with 7337.35 points it closed virtually unchanged. In London, prices benefited from a weak pound, which could improve the export opportunities of British companies ./bek/jha/