Globe Advisor
 

December 8, 2021

 
 
Latest market wrap
 
Premarket: World stocks in third day of gains as Omicron fears ease
 

Koji Sasahara/The Associated Press

  Premarket: World stocks in third day of gains as Omicron fears ease
A rebound in market sentiment continued in early European trading on Wednesday, with world shares set for their biggest two-day jump since November last year as investors became less concerned about the Omicron variant.
 
World shares plunged at the end of last month when the discovery of a new COVID-19 variant spooked investors. But sentiment has rebounded sharply this week in the absence of indications that the variant would derail the economic recovery.
 
The STOXX 600 had its biggest daily jump since November 2020 on Tuesday and, despite European stock index futures initially being in the red on Wednesday, at 0901 GMT the STOXX 600 was up 0.4%, set for its third consecutive day of gains.
 
 
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The Globe Advisor: Market Close newsletter provides a breakdown on the markets and stocks on the move for financial advisors. Visit the Globe Advisor section.

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