Tourism and banking stocks lift the European index to a new peak

European shares continued to rise, on Tuesday, led by shares in the travel and banking sectors, and shares of companies related to commodities, amid new indications that the mutated “Omicron” strain of the Corona virus may be less severe than previously thought.

The pan-European Stoxx 600 index rose 0.6 percent to 493.1 points, setting a new record high, after the US Standard & Poor’s and Dow Jones indices closed at a record high last night.

The European travel sector index rose 3.3 percent to its highest level in more than six weeks, and British airline shares rose, with Ryanair increasing by 9 percent, and British Airways owner EAG by 10 percent, and Wizz Air share increasing by 10 percent. percent with an improvement in air traffic in December.

The European Stoxx index rose by 22.4 percent, while the Standard & Poor’s rose by 26.9 percent.

(Archyde.com)

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