European stocks reach record highs on first day of trading in 2022

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Markets bet on a steady economic recovery despite threat of Covid variant Omicron

KLM were two of the biggest climbers across Europe’s equity markets after analysts at Citi forecast that the reopening of travel routes to Asia could help bolster the beleaguered travel sector. Lufthansa shares rose by more than 6% to €6.60 a share, and Air France KLM rose by 4.8% to €4.07.

 

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Why ? This is irrational. Or did they do lots of year end profit taking and now have cash to again spread around? Market movements rarely make sense to me, perhaps if I had more $ it would make perfect sense, but I doubt it. Or Could it be traders believe Omicron-will soon pass?

هشام في غيبوبة .. 140 يوما يحارب بامعائه الخاوية الحرية_لهشام_أبو_هواش معركة_الامعاء_الخاوية FreeHisham كاريكاتير قدورة

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