By Anisha Sircar and Susan Mathew
(Reuters) – European stocks jumped 2.5% on Tuesday, boosted by a strong rally in tech stocks amid easing fears over the Ômicron variant of the coronavirus, while German stocks rose nearly 3%, buoyed by automakers.
The pan-European STOXX 600 index closed up 2.45% to 480.18 points, its best session since November last year, returning to levels seen before fears over the new strain of the virus surfaced.
“Last week’s sellers were pushed out of the way in a rush to get back into stock now that fears about Ômicron are easing almost as quickly as they appeared. Billions have been returned to bond prices since Friday’s lows, with December maintaining its reputation as one of the strongest months for equities,” said Chris Beauchamp, chief market analyst at IG.
Tech stocks advanced 5.6% after hitting seven-week lows on Monday, while miners tracked gains in copper and iron ore prices as China, the metals’ biggest consumer, eased its monetary policy. .
In LONDON, the Financial Times index advanced 1.49%, to 7339.90 points.
In FRANKFURT, the DAX index rose 2.82% to 15,813.94 points.
In PARIS, the CAC-40 index gained 2.91%, at 7,065.39 points.
In MILAN, the Ftse/Mib index appreciated 2.41%, at 27,137.98 points.
In MADRID, the Ibex-35 index rose 1.42% to 8,559.50 points.
In LISBON, the PSI20 index gained 1.04% to 5,567.68 points.
See too
+ Horoscope: check today’s forecast for your sign
+ Video: Driver leaves Tesla car on autopilot and sleeps on SP highway
+ Food stamps: understand what changes with new rules for benefit
+ See which were the most stolen cars in SP in 2021
+ Expedition identifies giant squid responsible for ship wreck in 2011
+ Everything you need to know before buying a crockpot
+ Discovered in Armenia most eastern aqueduct of the Roman Empire
+ US Agency warns: never wash raw chicken meat
+ Passenger attacks and pulls out two stewardess teeth
+ Aloe gel in the drink: see the benefits
+ Lemon-squeezing trick becomes a craze on social media
+ Lake Superior: the best freshwater wave in the world?
#European #stock #index #highest #increase #year #technology #companies #automakers #ISTOÉ #DINHEIRO