European stocks are expected to open higher on Tuesday as holiday-thinned trade continues in the region.
after the Christmas holiday with indexes seeing positive momentum; the S&P 500 gained nearly 1.4% to close at 4,791.19, marking its 69th record close of the year. The index also hit an intraday record for the first time in more than a month.to close out a year in which the S&P 500 has returned more than 27%. The benchmark index historically gains during the Santa Claus rally — the final five trading days of the current year and the first two of the new year. The period began Monday.
Market players have spent recent weeks juggling concerns over new Covid restrictions and tighter central bank policy with early studies suggesting omicron strain of the virus is milder than previous variants like delta. last week suggested omicron has a reduced risk of hospitalization and severe illness. In the U.K. at the end of last week, infections were still topping 100,000, while France has also reported cases above that figure for the first time.For exclusive stock picks, investment ideas and CNBC global livestreamAlso on CNBC
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European stocks open lower in holiday-thinned tradeEuropean markets opened lower in a holiday-thinned trading session on Monday with many markets still closed due to the Christmas festivities.
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European Stocks Slightly Higher in Holiday-Thinned TradeEuropean markets opened lower in a holiday-thinned trading session on Monday with many markets still closed due to the Christmas festivities.
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Asia stocks, oil struggle as Omicron worries weighAsian stock markets were generally weaker with U.S. crude in holiday-thinned trading on Monday, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment.
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Mastercard: US holiday retail sales rise 8.5% as online shopping booms – ReutersMastercard: US holiday retail sales rise 8.5% as online shopping booms – Reuters By anilpanchal7 RetailSales RiskAppetite NewsTrading UnitedStates
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