12/8/2021, 7:48 AM (Source: TeleTrader)
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Europe flat premarket with Omicron variant in focus

Major stock markets in Europe traded mostly unchanged on Wednesday as investors observed news surrounding the newly registered Omicron coronavirus variant.

A study, released last evening, claimed the Pfizer/BioNTech COVID-19 vaccine is less effective against the Omicron mutation when compared to earlier variants of the coronavirus. The preliminary data also suggested Omicron is more transmissible than the Delta variant, according to the British government.

The FTSE 100, the DAX, and the CAC 40 all traded unchanged at 7:35 am CET. The euro gained 0.21% against the dollar to sell for 1.12909 at 7:40 am CET, while the pound stood flat at $1.32503.

Baha Breaking the News (BBN) / ND