Friday, January 28

The average Europe that trades at Christmas maintains weekly profits

European stocks opened unchanged on Friday on a holiday, following the recent rally in global stocks on signs that the omicron variant of the coronavirus will not spoil the global economic recovery.

The pan-European STOXX 600 index was flat until 9:30 am in Madrid, after adding almost 1 percent in the previous session. London’s FTSE added 0.1 percent, while the French CAC 40 was unchanged.

Context // The stock markets of several countries, such as Germany, Italy, Spain and Switzerland, as well as the United States, will be closed on Friday for Christmas. The London and Paris stock exchanges will have shorter sessions.

  • Most Asian markets were up and the S&P 500 closed at an overnight high on positive economic data as some studies suggest the omicron variant carries a lower risk of hospitalization.

Featured action // Biotech company Lysogene soared 10.5 percent after signing a € 15 million loan agreement with the European Investment Bank to accelerate its gene therapy platform.