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European shares firm as Omicron worries ebb -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The graph of the German share price index DAX is pictured at Frankfurt Stock Exchange, Germany on December 29, 2021. REUTERS/Staff

(Reuters). European shares rose Thursday due to optimism that coronavirus-related restrictions will not be necessary into 2022. However, Omicron is considered milder. However, a surge in cases has kept the gains under control.

As of 0815 GMT on Thursday, the pan-European was 0.1% higher after being 0.1% lower Wednesday. Technology, healthcare, and retail stocks led the way.

Many European markets, including Spain, Italy and Germany will close Friday. However, Paris and London will continue trading for half an hour, in preparation of the new year.

While global COVID-19 infections hit a record high over the seven-day period until Tuesday, researchers said a booster dose of Johnson & Johnson (NYSE:)’s vaccine was 84% effective at preventing hospitalisation in South African healthcare workers who became infected as the Omicron variant spread.

Siemens Healthineers gained 0.6% following the U.S. Drug regulator’s emergency use authorisation for German health tech firms’ home COVID-19 testing.

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