Europe open: Shares rebound in latest round of Covid volatility

by | Dec 1, 2021

European markets continued their roller-coaster Omicron Covid-variant volatility ride on Wednesday morning as shares rebounded once again.
The pan-European Stoxx 600 rose 0.61% after gains overnight on Wall Street and Asian shares. US futures indicated a positive start.

Miners were in the black as copper prices rebounded on easing concerns about the new variant which emerged in Southern Africa last week.

Shares in airlines recovered as investors sought bargains, with IAG, Lufthansa, Wizz Air and easyJet all flying higher.

Oil stocks were up as crude prices gained ahead of an OPEC meeting where major producers will discuss how to respond to potentially lower demand against the backdrop of Omicron. Major producers BP and Shell rose in response.

Shares in Husqvarna rose 3.5% after it raised its overall financial targets and growth ambitions for robotic lawn mowers and other battery-powered products.

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