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European markets head for tepid open as investors digest omicron news


MongiIG

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LONDON — European stocks are expected to open modestly higher on Wednesday with investors continuing to digest the latest news around the new omicron Covid variant.

The U.K.’s FTSE index is seen opening 3 points higher at 7,344, Germany’s DAX 8 points higher at 15,827, France’s CAC 40 up 16 points at 7,076 and Italy’s FTSE MIB 23 points higher at 27,139, according to data from IG.

The tepid open expected in Europe Wednesday comes after a strong session for European stocks on Tuesday, with global markets rallying as concerns about the potential severity of the omicron variant eased.

Full article: CNBC

European Stocks Rise, While Oil Comes Off The Boil – Channels Television

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