European stocks close lower as investors digest omicron news; Hellofresh down 11%
European stocks closed lower on Wednesday, with investors continuing to digest the latest news around the omicron Covid variant.
After a choppy trading session, the pan-European Stoxx 600 provisionally closed down by 0.6% Wednesday, with retail stocks falling 1.9% to lead the losses.
The negative sentiment in Europe comes after a strong session on Tuesday, when global markets rallied as concerns about the potential severity of the omicron variant eased.
There have been mixed announcements regarding the omicron variant since.
South African scientists said Tuesday that omicron significantly reduces the antibody protection generated by Pfizer and BioNTech’s vaccine, according to a small preliminary study. Still, people who have recovered from the virus and received a booster shot will likely have more protection from severe disease, the study showed.
Reference: CNBC
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