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European stocks seen higher on signs of hope about omicron
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cnbc.comIn this article
LONDON — European stocks are set to open slightly higher Thursday as traders looked to signs that the omicron Covid-19 variant is not as severe as previously feared.
Britain's FTSE 100 is seen climbing 27 points to 7,347, Germany's DAX rising 51 points to 15,617 and the French CAC up 30 points at 7,068, according to data from IG.
Investors reacted to a study out of South Africa — where the omicron strain was first discovered — suggesting a reduced risk of hospitalization and severe disease compared to delta.
The study, which is not yet peer reviewed, found people diagnosed with omicron in South Africa from Oct. 1 to Nov. 3 were 80% less likely to be hospitalized than if they caught another variant in the same period.
Experts
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