European shares extended their rally on Tuesday, led by travel and banking stocks amid signs that the mutated Omicron strain of the coronavirus may be less severe than previously thought.
The pan-European Stoxx 600 index rose 0.8 percent to 494.02 points, setting a new record high for the second consecutive session.
The European banking sub-index jumped 3.3% to the peaks of November, and was the best performer today, after government bond yields received support from expectations of tightening monetary policy.
The European travel sector index also rose 3.5 percent to its highest level in more than six weeks. British airlines rose, with Ryanair adding 8.9 percent and British Airways owner EAG 11.3 percent.
Wizz Air shares also jumped 12.2 percent with improved air traffic in December.
(Archyde.com)
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