Tourism And Banking Stocks Lift The European Index to a New Peak

European shares extended their rally on Tuesday, led by travel, banking, and commodity-related shares amid fresh indications that the mutated Omicron strain of coronavirus may be less severe than previously thought.

The pan-European Stoxx 600 index rose 0.6 percent to 493.1 points, setting a new record, after the US Standard & Poor’s and Dow Jones indexes closed at a record high on Monday night.

The European travel sector index rose 3.3 percent to its highest level in more than six weeks, and British airlines rose, with Ryanair increasing 9 percent, British Airways owner EAG 10 percent and Wizz Air increasing 10 percent as air traffic improved in December. December.

The European Stoxx index rose 22.4 percent, while the Standard & Poor’s rose 26.9 percent.