(AOF) – European equity markets rebounded, but did not offset Friday’s drop. The CAC 40 gained 0.54% to 6,776.25 points while the Euro Stoxx 50 rose 0.72% to 4,119.20 points. On Wall Street too, the time has come for the recovery, timid. The Dow Jones rose 0.29% and the Nadaq climbed 1.42%.
Securities are primarily supported by cheap redemptions. Investors are awaiting information on the Omicron variant and especially on the effectiveness of current vaccines for this new strain which poses a “very high” risk to the world, according to the WHO.
“At this point, and with all the caution required by the limited information received to date, we do not view this event as a ‘game changer’ to the scenario that would justify significantly reducing risk. Investors can take advantage of this episode of volatility to use existing liquidity levels and rebuild positions “, comments today Vincent Manuel, Director of Investments at Indosuez Wealth Management.
In terms of values, the automotive equipment sector was penalized by Faurecia’s profit warning.
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