European Shares Rise After Reassurances About Vaccines Against Omicron

European shares rose slightly Thursday, December 9, after positive comments from vaccine manufacturers calmed some concerns about the new mutated Omicron from the Coronavirus, while Deutsche Bank shares fell after reports that it may have violated a criminal settlement.

The pan-European Stoxx 600 index rose 0.3%, after declining 0.6% in the previous session.

Deutsche Bank fell 1.6 percent after a Wall Street Journal report that the US Department of Justice and the bank failed to inform the prosecution about an internal complaint related to the bank’s sustainable investment business in the bank’s asset management unit.

The shares of personal, home and health care companies led the rise in shares in the morning trade, while shares of oil companies fell, as the Finnish company Neste fell 4.3% after the resignation of its CEO.

Shares of Rolls-Royce rose 1.9% after agreeing to acquire the brand of skin care products Youth To The People, while shares of Rolls-Royce fell 2.4% after announcing earnings results.