European stocks seen higher on signs of hope about omicron

  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

European stocks are set to open slightly higher Thursday as traders looked to signs that the omicron coronavirus variant is not as severe as previously feared.

Investors reacted to a study out of South Africa — where the omicron strain was first discovered — suggesting a reduced risk of hospitalization and severe disease compared to delta.

The study, which is not yet peer reviewed, found people diagnosed with omicron in South Africa from Oct. 1 to Nov. 3 were 80% less likely to be hospitalized than if they caught another variant in the same period. Experts say it is still too early to know for sure the severity of omicron, but the study offers hope that both the human and economic cost of the strain will not be as severe as initially feared. Omicron's rapid spread has led governments around the world to reimplement some Covid restrictions in a bid to contain it.

More good news arrived Wednesday as the U.S. Centers for Disease Control and Prevention authorized an antiviral Covid pill from Pfizer for people aged 12 and above at risk of severe illness.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street joins global slump for stocks on Omicron jittersStocks on Wall Street added to their recent string of losses Monday, joining a worldwide slump by financial markets amid worries about how badly the Omicron variant, inflation and other forces will hit the economy.
Source: latimes - 🏆 11. / 82 Read more »