(Reuters) – European shares rose from their one-week lows Tuesday as investors focused on central bank meetings this week and kept an eye out for developments regarding the Omicron coronavirus variant.

The pan-European rose 0.5% as of 0823 GMT, with miners, chemical companies and food & beverage stocks leading early gains.

On Wednesday, the U.S. Federal Reserve expected to announce a more rapid pullback of asset acquisitions. Meanwhile, the European Central Bank (Bank of England), Bank of Japan and Bank of Canada will be meeting to discuss their respective monetary policies for 2022.

Wall Street and European stocks suffered a loss Monday due to at least one death in Britain from Omicron Variant, which is the most severe strain of the virus.

Due to the strong prices of aluminium, however, miners saw a 1.4% increase, which helped markets rebound. [MET/L]

ArcelorMittal (NYSE 🙂 rose 4.0% after the largest steelmaker in the world announced that it has entered into repurchase agreements for certain holders of convertible senior notes. This buyback program is worth $395 million.

Vifor extended gains from Monday, surging 13.3%, after Australian biopharma giant CSL (OTC:)> said it would buy the Swiss drugmaker for $11.7 billion.

AutoStore Holdings plunged 13.4% following Ocado’s announcement that the British supermarket chain Ocado (LON) Group won a patent infringement suit filed last year by the Norwegian robotics manufacturer.