European stocks reach record highs on first day of trading in 2022
Markets bet on a steady economic recovery despite threat of Covid variant Omicron
European shares bounded to record highs in the first day of trading in 2022 as markets bet on a steady economic recovery despite the rising number of Covid-19 cases caused by the Omicron variant.
Europe’s benchmark stock index, the STOXX 600, rose 0.6% to hit a record high of 490.76 points on Monday morning, surpassing its November peak of 490.58, as global oil and equity markets climbed.
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