European markets close higher amid tumultuous week; Stoxx 600 up 1.8%
European stocks closed higher Wednesday, capping off the latest trading day of a whirlwind week impacted by fears over the new omicron Covid variant.
The pan-European Stoxx 600 provisionally closed up by 1.8%, with autos and travel and leisure stocks jumping more than 3% to lead gains as all sectors and major bourses entered positive territory.
The strong start to December comes after a choppy few days for global markets. Traders have been rattled by concerns surrounding the new omicron Covid-19 variant amid fears that it could evade vaccines.
To be sure, the WHO has said it will take weeks to understand how the variant may affect diagnostics, therapeutics and vaccines.
Reference: CNBC
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