Europe: Equities climb at open
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON] Europe's stock markets advanced on Monday in opening deals despite ongoing uncertainty over the Omicron coronavirus variant.
In initial trade, London's benchmark FTSE 100 index gained 0.6 per cent to 7,166.60 points, compared with the closing level on Friday.
In the eurozone, Frankfurt's DAX won 0.8 per cent to 15,291.44 points and the Paris CAC 40 added 0.7 per cent to 6,810.61.
However, Asian indices broadly fell on Monday, tracking Omicron concerns as well as disappointing US jobs data and the future of Chinese tech firms on Wall Street.
Global stocks had sunk Friday on weak US jobs data and heightened fears over the long-running Covid crisis.
"Markets remain beset by uncertainty as the spread of the Omicron variant threatens to derail the general economic recovery," said Richard Hunter, head of markets at Interactive Investor.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
