{"id":147379,"date":"2021-12-14T20:50:10","date_gmt":"2021-12-14T20:50:10","guid":{"rendered":"https:\/\/precoinnews.com\/?p=147379"},"modified":"2021-12-14T20:50:10","modified_gmt":"2021-12-14T20:50:10","slug":"european-shares-rise-on-easing-omicron-worries","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/european-shares-rise-on-easing-omicron-worries\/","title":{"rendered":"European Shares Rise On Easing Omicron Worries"},"content":{"rendered":"

European stocks were moving higher on Monday, as worries about the Omicron coronavirus<\/span> variant eased, with a South African health<\/span> official saying that the variant caused mild infections.<\/p>\n

Elsewhere, top U.S. infectious disease official Anthony Fauci told CNN that scientists need more information before drawing conclusions about Omicron’s severity.<\/p>\n

Chinese Premier Li Keqiang’s comments on cut in reserve requirement ratios also helped underpin investor sentiment.<\/p>\n

Energy stocks topped the gainers list after top exporter Saudi Arabia hiked prices for crude sold to Asia and the United States.<\/p>\n

The pan European Stoxx 600 rose 0.8 percent to 466.46 after declining 0.6 percent on Friday. <\/p>\n

The German DAX climbed 0.9 percent, France’s CAC 40 index gained 0.7 percent and the U.K.’s FTSE 100 was up 0.9 percent. <\/p>\n

TotalEnergies jumped 2.1 percent, while BP Plc and Royal Dutch Shell both rose about 1.8 percent as oil prices rose by more than $1 a barrel after the Saudi price hike.<\/p>\n

Shipping firm Clarkson jumped 4.3 percent after raising its annual profit outlook. <\/p>\n

Victrex, a supplier of polymers, rallied 3.4 percent after pretax profit and revenue increased for fiscal 2021.<\/p>\n

Online food ordering company Just Eat Takeaway.com lost 4 percent after Bernstein downgraded its rating on the stock. <\/p>\n

Plane maker Airbus SE added 1.2 percent in Paris. The company announced that The Helicopter Company, the first and only helicopter services provider in Saudi Arabia, has signed a second purchase agreement with Airbus Helicopters.<\/p>\n

Construction materials company Saint-Gobain gained 1.3 percent after announcing it would buy U.S.-based GCP Applied Technologies in a deal valued at around $2.3 billion.<\/p>\n

In economic releases, German factory orders declined sharply in October, data released by Destatis showed earlier in the day.<\/p>\n

Factory orders decreased 6.9 percent month-on-month in October, reversing a 1.8 percent rise in September. Economists had forecast a moderate fall of 0.5 percent.<\/p>\n

On a yearly basis, factory orders dropped 1 percent, in contrast to the 10.3 percent rise a month ago. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

European stocks were moving higher on Monday,<\/p>\n","protected":false},"author":3,"featured_media":147378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nEuropean Shares Rise On Easing Omicron Worries - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/european-shares-rise-on-easing-omicron-worries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European Shares Rise On Easing Omicron Worries - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"European stocks were moving higher on Monday,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/european-shares-rise-on-easing-omicron-worries\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-14T20:50:10+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/12\/European-Shares-Rise-On-Easing-Omicron-Worries-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/european-shares-rise-on-easing-omicron-worries\/\",\"url\":\"https:\/\/precoinnews.com\/business\/european-shares-rise-on-easing-omicron-worries\/\",\"name\":\"European Shares Rise On Easing Omicron Worries - 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