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European shares start December on a high; Omicron impact in focus -Breaking

by Mike Robinson

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© Reuters. The German share price graph DAX can be seen at Frankfurt’s stock exchange on November 30, 2021. REUTERS/Staff

(Reuters] European stocks rose on Wednesday, as bargain hunters returned following a tough November. Investors remain cautious however about the impact of the Omicron variant on economic activity over the winter months.

As of 0816 GMT the pan-European had risen 0.8%, following gains in Asian shares. [MKTS/GLOB]

After prices recovered, miners gained 2%. Oil stocks rose 2.1% ahead of an OPEC meeting in which major oil producers discuss ways to address possible lower demand. [MET/L] [O/R]

The European Union may approve COVID-19 vaccines that target this new variant within three to four months. Emer Cooke, regional drug regulator chief, said Tuesday. He added that the existing shots will continue to offer protection.

Husqvarna is the largest maker of power-gardening tools in the world, rising 3.5% following it raising its financial goals and ambitions for growth.

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