European stocks drop as Omicron worries intensify

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European stocks drop as Omicron worries intensify via IrishTimesBiz

dented investor sentiment. After falling to a two-week low in early trading, the blue-chip FTSE 100 index recouped some early declines to end 1 per cent lower.fell nearly 3 per cent each after crude prices dropped 3 per cent, while industrial metal miners lost 1.9 per cent due to weakness in copper prices.

The mid-cap FTSE 250 index has underperformed the blue-chip FTSE 100 index so far this year, adding 9 per cent compared with the 10 per cent recovery in the benchmark index, as weaker travel and leisure stocks capped gains.to slow the spread of the Omicron strain with a tightening of social restrictions before Christmas.leaped 8.3 per cent to the top of the benchmark Stoxx 600 after the Belgian group reached a regulatory milestone for its receptor blocker., which plunged 11.

 

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European stocks drop as Omicron worries intensifyStocks and oil prices fell today as surging Omicron Covid-19 cases triggered tighter curbs in Europe, and US growth prospects dimmed after a $1.75 trillion domestic investment bill suffered a potentially fatal blow.
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