European stock markets in Europe ended trading with growth

Markets continue to be heavily influenced by the worldwide spread of the new COVID-19 strain omicron. Investors are closely monitoring the incidence rate in European countries and are worried that new surges could lead to a slowdown in economic activity.

The composite index of the largest enterprises in the region Stoxx Europe 600 climbed 0.6% to 485.49 points. Nevertheless, the value of the index is still below the high of 489.95 points reached on November 17.

France's CAC 40 Index added 0.8%, Germany's DAX Index added 0.5%, while Spain's IBEX and Italy's FTSE MIB gained 0.7% and 0.8%, respectively.

The leaders of growth among the components of Stoxx 600 on Monday came the shares of the Norwegian NEL ASA, working with renewable energy sources (+ 5.6%), the Swiss biopharmaceutical Idorsia Ltd. (+ 4.4%), as well as the Swedish online casino operator Evolution Gaming Group AB (+ 5%).

The stock quotes of the Swiss Roche Holding AG (+ 1.1%) also rose on the news that the US authorities approved the emergency use of the company's home tests for COVID-19, showing the result within 20 minutes.

CNH Industrial N.V., an international industrial group that announced the separation of its truck division Iveco Group, gained 2.7%. Iveco shares will begin trading on the Milan Stock Exchange on January 3.

In addition, shares of the main European technology companies completed trading in positive territory: ASML Holding (+ 1%), SAP (+ 0.7%), Nordic Semiconductor ASA (+ 3.5%) and Infineon Technologies (+ 2.4%) ...

The leaders of the fall in the Stoxx 600 were shares of the Swiss online pharmacy chain Zur Rose Group AG (-2.9%), the Danish energy Oersted A / S (-2.4%) and the operator of the food delivery service HelloFresh SE (-2.1 %).

News are provided by InstaForex