European stocks advanced on Monday after a sell-off at the end of last week triggered by the Omicron coronavirus variant, as investors settled in for a prolonged period of uncertainty over the pandemic.
Europe’s Stoxx 600 rose 0.7 per cent in early dealings, recovering from a fall of more than 3.5 per cent on Friday. London’s FTSE 100 rose 0.7 per cent and Germany’s Xetra Dax rose around 0.5 per cent.
Meanwhile, futures contracts tracking the US S&P 500 index added 0.6 per cent after the broad US stock gauge fell 2.3 per cent on Friday. In early November the S&P had traded at record highs as investors focused on strong corporate earnings.
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