European equities in disarray, caution on Omicron | Photo credits: Delivery Hero SE
PARIS, December 22 (Reuters) – The main European stock markets evolve without much change on Wednesday at the start of the session as investors remain vigilant on the outlook for global growth amid uncertainties over the Omicron variant.
In Paris, the CAC 40 gained 0.2% to 6,979.23 points around 09:05 GMT and in Frankfurt, the Dax advanced by 0.05%. In London, the FTSE 100 lost 0.17% while the growth of the British economy was revised down in the third quarter, to 1.1%. The EuroStoxx 50 index is up 0.03%, the FTSEurofirst 300 is down 0.05% and the Stoxx 600 is up 0.06%.
European stock markets mostly erased losses from the previous session on Tuesday, with commodities and travel-related stocks surging, although concern over the spread of the Omicron variant of the coronavirus remains strong.
At values, McPhy climbed 6.75% after announcing its selection as preferred supplier to equip a project with an electrolysis platform in Portugal. Meal delivery specialist Delivery Hero takes 5.9% after announcing it would reduce Foodpanda’s presence in Germany and sell the brand in Japan. Competitor Just Eat Takeaway is up 4.08% after signing an agreement with One Stop, a British convenience store chain owned by Tesco. Rio Tinto, the Footsie’s top contributor to the decline, sheds 1.79% as benchmark iron ore futures on the Dalian Commodity Exchange and Singapore retreat amid concerns over health restrictions in China.
(Laetitia Volga, edited by Blandine Hénault)