European stocks ended higher on Monday while trading volumes were thin with the UK market closed, as investors assess a surge in Covid cases and the impact it may have on the economic recovery. The Stoxx Europe-600 index gained 0.6%, extending last week’s rally and hitting its highest level in five weeks. Coronavirus infections have spiked across the globe over the weekend, with France reporting a daily record of more than 100,000 new cases. “The coronavirus threat is still very vivid as the infections rate is higher than expected.”US stocks rose for a fourth day. Meanwhile, there’s little reason to fear that the rally that catapulted US stocks to successive records this year will end soon, according to JPMorgan Chase & Co strategists.

Source: Irish Examiner December 28, 2021 03:07 UTC