European markets rebound, but Omicron fears remain – business live | Business

Good morning, and welcome to our live, rolling coverage of business, economics, the eurozone and financial markets.

The start of the week before Christmas brought a troubled trading day yesterday, with falls across Europe and Wall Street.

However, things are looking a little brighter on this dark morning on the shortest day of the year.

Asian stocks moved higher on Tuesday, and European shares are tipped to open higher, with some buyers on the lookout for Christmas bargains, although volumes remained thin just ahead of the festive break.

London’s FTSE is currently tipped to open 1.3% higher, with Germany’s DAX expected to rise by 1.5% at the open. It’s a similar story for pan-European Stoxx 50 futures, which are trading 1.5% higher.

Despite the muted cheer, plenty of worries remain about the threat of the Covid Omicron variant to the global economic recovery. The new variant, which is highly transmissible, is sweeping across the world…

Read more…