{"id":149272,"date":"2022-01-10T20:08:02","date_gmt":"2022-01-10T20:08:02","guid":{"rendered":"https:\/\/precoinnews.com\/?p=149272"},"modified":"2022-01-10T20:08:02","modified_gmt":"2022-01-10T20:08:02","slug":"european-shares-climb-on-growth-optimism","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/european-shares-climb-on-growth-optimism\/","title":{"rendered":"European Shares Climb On Growth Optimism"},"content":{"rendered":"<p> European stocks hovered near record highs on Monday despite soaring cases of the Omicron <span>coronavirus<\/span> variant across Europe and elsewhere.<\/p>\n<p>Sentiment was underpinned after HS Markit&#8217;s final manufacturing Purchasing Managers&#8217; Index (PMI) came in at 58.0 in December, matching an initial flash estimate and raising hopes that growth rates could better in 2022.<\/p>\n<p>The pan European Stoxx 600 rose 0.6 percent to 490.46, a tad lower than its November record high of 490.58, after having ended flat with a negative bias on Friday. <\/p>\n<p>The German DAX climbed 0.8 percent and France&#8217;s CAC 40 index added 1 percent, while the U.K. <span>markets<\/span> were closed for a public holiday.<\/p>\n<p>Zurich Insurance Group AG shares rose about 1 percent. The Swiss insurer announced that its Italian unit Zurich Investments Life S.p.A. has agreed to sell its life and pension back book to the Portuguese insurance company GamaLife &#8211; Companhia de Seguros de Vida, S.A.<\/p>\n<p>Ahold Delhaize edged up slightly. The Dutch operator of supermarkets, convenience stores, hypermarkets, and others, said that it has started 1 billion-euros share repurchase program, which is expected to be completed by the end of 2022.<\/p>\n<p>Deutsche Wohnen shares rallied 2.5 percent. The German property company said it has appointed Konstantina Kanellopoulos and Lars Urbansky as co-chief executive officers. Philip Grosse will remain Chief Financial Officer until 31 March 2022.<\/p>\n<p>Evotec AG, a drug discovery and development company, fell 2.4 percent. The German Federal Ministry of Education and Research has selected the company for a grant of 7.5 million euros, for the development of EVT075, a potential first-in-class immunomodulatory therapy to fight Covid-19.<\/p>\n<p>Automakers rose broadly after monthly sales reports from several global automakers. Volkswagen, BMW and Renault jumped 2-3 percent. <\/p>\n<p>Airline Lufthansa soared 6.3 percent after Citi upgraded the stock rating. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3252306\/european-shares-climb-on-growth-optimism.aspx?type=ts\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks hovered near record highs on<\/p>\n","protected":false},"author":3,"featured_media":149271,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European Shares Climb On Growth Optimism - 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-climb-on-growth-optimism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European Shares Climb On Growth Optimism - 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