LONDON – European stocks are expected to open in positive territory but sentiment remains cautious amid continued spread of Covid omicron variant.
UK FTSE The index is seen opening 18 points higher at 7,257, in Germany DAX 17 points higher at 15.632, of France CAC 40 up 5 points at 6,949 and in Italy FTSE MIB 20 points higher at 26,586, according to data from IG.
European stocks fell on Monday as traders reacted to developments regarding the Covid omicron variant. British Prime Minister Boris Johnson yesterday confirmed that At least one patient infected with the new omicron variant of Covid-19 has died in this country.
Mainland China reports first case of omicron variant Covid The second is in the city of Tianjin, about a two-hour drive from the capital Beijing.
This week, investors are also focusing on central bank action with the US Federal Reserve, the Bank of Japan, the Bank of England and the European Central Bank, all led by the US Federal Reserve. announce monetary policy decisions.
The Federal Reserve’s two-day policy meeting begins Tuesday, where policymakers are expected to discuss accelerating the end of the bond-buying program.
The meeting comes as inflation data, released last Friday, stood at 6.8% in November year-over-year for the strongest gain since 1982. The print was slightly higher than the Dow Jones estimate of 6.7%.
US stock index futures Little was changed in overnight trading on Monday after the major averages started the week in the red on sentiment Covid omicron worries. Futures contracts tied to the Dow Jones Industrial Average rose 45 points. S&P 500 futures were up 0.11%, while Nasdaq 100 futures were 0.08% higher.
In the Asia – Pacific market Overnight, Chinese stocks fell, dragging on other losses in the region, as the omicron variation returned to focus. Meanwhile, the bitcoin price continued to plunge after several overnight declines.
Earnings come in from Ocado on Tuesday, and the release includes UK jobs data and eurozone industrial production figures for October.
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– Pippa Stevens and Weizhen Tan of CNBC contributed to this report.
