FTSE, CAC close higher with Omicron in spotlight

Monday, 29. November 2021 17:31

Stock exchanges in the United Kingdom and France closed with gains on Monday, achieving a partial recovery from major losses that occurred on Friday due to fears over the emergence of a new coronavirus strain. UK vaccination panel advised extending booster eligibility to all adults in the country, while several pharmaceutical companies revealed details about their efforts to create an Omicron-specific vaccine and treatment. The consumer confidence in the euro area declined in November, according to the European Commission's data.

London's FTSE 100 was up 0.94% at the end of the trading session with its best performer, BT Group, jumping 6.20%. In Paris, the CAC 40 closed 0.54% higher as Kering rose by 3.31%. The DAX increased by 0.16% at 5:35 pm CET, with RWE recording the strongest gain of 2.67%.

The euro was 0.49% lower against the dollar, selling for 1.12690 at 5:30 pm CET, while the pound lost 0.39% compared to the greenback, changing hands for 1.33056 concurrently.

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Author:
Baha Breaking the News (BBN) / MS