European Shares Hit Two-Week High as Omicron Fears Ebb

European Shares Hit Two-Week High as Omicron Fears Ebb
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, on Dec. 22, 2021. Staff/Reuters
|Updated:

European shares hit a two-week high on Thursday as investor sentiment improved on signs the impact of the Omicron coronavirus variant may not be as severe as feared.

The pan-European STOXX 600 gained 0.4 percent, boosted by travel stocks, tracking a global share rally that was also helped by robust U.S. economic data.