Omicron scares the European stock exchanges. Milan opens at -1.5%

Understanding: curtain falls on Winning Companies, country motor SMEs (ANSA)

(ANSA) – MILAN, NOVEMBER 30 – Opening in sharp decline for European stock exchanges which return to discount the uncertainty linked to the Omicron variant of the coronavirus and the concern that it may slow down the economic recovery. At Piazza Affari the Ftse Mib index started trading down by 1.46%, to 25,661 points, in London the Ftse 100 index dropped 1.04% to 7,035 points, in Frankfurt the Dax lost the 1.07% to 15,117 points while in Paris the Cac 40 drops by 1.43% to 6,679 points.

The negative start of the European stock exchanges follows the closing in red of the Asian ones. A trend conditioned by the words of the CEO of Moderna, Stéphane Bancel, who told the Financial Times that he expected a “substantial decline” in the effectiveness of the old vaccines against the new variant and the need for a few months before being able to start a large-scale production. scale of new vaccines. (HANDLE).

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Source From: Ansa

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