European shares regain ground after selloff fuelled by Omicron variant



(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* STOXX 600 logs best day in over a month

* Travel stocks retrace some of Friday's losses

* BT Group surges after Reliance takeover report

* Faurecia slumps after forecast cut (Updates to close)

By Anisha Sircar and Susan Mathew

Nov 29 (Reuters) - European shares rose on Monday after their worst selloff in more than a year as investors awaited clues on whether the Omicron variant of coronavirus would hamper economic recoveries and monetary tightening plans by central banks.

The pan-European STOXX 600 .STOXX ended up 0.7%, logging its best day in a month and recovering some of Friday's 3.7% slump triggered by concerns around the newly discovered variant.

While the variant was spotted in several countries across the globe, a South African doctor, who was one of the first to suspect a different strain, said that symptoms were so far mild and could be treated at home.

Travel and leisure stocks .SXTP rose, with Wizz Air WIZZ.L , Lufthansa LHAG.DE , TUI Group TUIT.L and Ryanair RYA.I and Carnival CCL.L all rising between 1% and 5.5% after double-digit falls on Friday on fears of renewed travel restrictions.

Financial stocks added 1.7%, while energy and basic material stocks were also among the biggest boosts as prices of the underlying commodities rose.

London's FTSE 100 .FTSE jumped 0.9% with investors also betting the Bank of England may be forced to rethink monetary policy tightening next month.

"The emergence of the Omicron variant has now crystalised fears that we're not out of the woods just yet... and led to a shift in monetary policy expectations," said Laith Khalaf, head of investment analysis at AJ Bell.

"The fact that markets have now alighted on February as the likely month for a UK interest rate rise shows there is still considerable optimism that Omicron is a stumbling block, rather than a brick wall."

Meanwhile, the European Central Bank argued that the euro zone's economy had learned to cope with successive waves of the pandemic.

But increasing pressure on the central bank, German consumer price inflation rose further in November to hit another record high, data showed on Monday. The German DAX .GDAXI gained the least among regional peers, up 0.2%

BT Group BT.L jumped 6.1% after a report that Indian oil-to-telecom conglomerate Reliance RELI.NS was considering an offer for the UK telecom firm. Reliance denied the report, capping the stock's gains.

Faurecia EPED.PA dropped 7.9% drop after the car parts group trimmed its full-year guidance, citing a drop in European automotive production.

Despite clocking several record highs in November, the STOXX 600 is on course to post monthly losses of about 1.7% as a strong earnings season and diminishing fears around tighter monetary policy were outweighed by concerns around the new variant and fresh restrictions in Europe.


Reporting by Anisha Sircar in Bengaluru; Editing by Arun Koyyur, Shinjini Ganguli and Keith Weir

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明