European markets look for rebound as investors assess omicron risk; Stoxx 600 up 1%

[MongiIG]

LONDON — European markets climbed on Tuesday after the previous session’s sell-off, with concerns over the omicron Covid-19 variant still hanging over global stocks.

 

The pan-European Stoxx 600 added 1% in early trade, retracing much of Monday’s loss. Basic resources jumped 2.3% to lead gains as all sectors and major bourses traded in positive territory.

 

European shares look set to grab the baton from their counterparts in Asia-Pacific, where a bounce back for Japanese markets led broad regional gains overnight. CNBC