(RTTNews) – Despite a fairly strong recovery from declining levels, European stocks closed on a weak note on Tuesday, as considerations about the new variant of the Omicron coronavirus made the temperament bearish.
Markets had recovered on Monday, recovering from a serious setback in the past session, as considerations about the new variant of the virus faded somewhat; however, markets went into sales mode after Moderna CEO Stéphane Bancel expressed apprehension about the effectiveness of existing vaccines. to the newly known Omicron variant.
Markets also reacted to Comments by Fed leader Jerome Powell that the central bank could simply push for a tightening of financial policy.
Powell told the Senate committee that he believes slowing down monthly bond purchases can progress faster than the $15 billion-a-month program announced earlier this month.
Bancel said in an interview with the Financial Times that it will take a few weeks to what extent mutations have affected the effectiveness of vaccines lately on the market.
“Depending on the decline, we could, on the one hand, administer a higher dose of the existing vaccine in the world to protect people. Perhaps very high-risk people, the immunocompromised and the elderly deserve to want a fourth dose,” he said. .
The pan-European six-hundred Stoxx closed down 0. 92%. The UK’s FTSE 100 closed down 0. 71%. The German DAX and the French CAC 40 fell by 1. 18% and 0. 81% respectively. The Swiss SMI lost 0. 5%.
Among european markets, Belgium, the Czech Republic, Denmark, Finland, Greece, Ireland, the Netherlands, Norway, Portugal, Spain and Sweden all ended strongly lower.
In the UK market, the London Stock Exchange fell more than 5%. Sainsbury (J), Entain, Compass Group, Pearson, IHG, Land Securities, BT Group, Kingfisher, ICP, Smith (DS), Intertek Group, British Land Co and Schrodders 2-4. 5%.
Anglo American Plc, BHP Group, Polymetal International, Aviva, Taylor Wimpey and Natwest Group 1 at 3. 3%.
In the French market, Danone, Carrefour, Technip, Unibail Rodamco, Air France-KLM, Safran, WorldLine, ArcelorMittal and Sanofi 2 up 4. 2%. Pernod Ricard, Essilor and Publicis Groupe a; sp decreased significantly.
Valeo earns almost 4%. Schneider Electric rose 3. 3%, while Faurecia, Michelin, Teleperformance and Atos gained between 1 and 2%.
Sartorius jumped more than 5%. Continental about 1. 6%.
In economic news, Eurostat’s preliminary estimate showed eurozone inflation accelerated more than expected in November due to energy prices.
Annual inflation rose to 4. 9% in November from 4. 1% in October, and above the expected point of 4. 5%, according to data Core inflation, which excludes energy, food, alcohol and tobacco, rose to 2. 6% from 2% in October Core inflation is expected to reach 2. 3%.
Data released through Destatis showed that unemployment in Germany remained solid at a seasonally adjusted 3. 3% in October. The number of unemployed amounted to 1. 40 million, a low of 17,700 or 1. 2% from last month.
Meanwhile, knowledge spread through the Federal Labour Agency revealed that unemployment in Germany fell more than expected in November, falling to 5. 3% in the month from 5. 4% in October.