The European market faces Covid headwinds

LONDON-As investors continue to pay attention to the Covid crisis in the region and political developments in Germany, European stock markets are expected to open higher on Thursday.

British FTSE The index opened up 18 points to 7,303, Germany Dax France’s 15,955 points are 59 points higher CAC 40 Rose 30 points to 7,078 and Italy FTSE Index According to IG data, it rose 154 points to 27,233.

Investors will digest the latest news in Germany. The German Social Democratic Party, the Green Party and the Liberal Democratic Party announced a new coalition government agreement on Wednesday.

Agreement will see Former German Finance Minister Olaf Scholz becomes Germany’s new Chancellor When Angela Merkel resigned in early December.

European investors continue to pay attention The severe Covid crisis in the region This week, the number of infections continued to rise, prompting a few countries to introduce new Covid restrictions.

Italy announced on Wednesday night that it would adopt stricter Covid measures, while Germany narrowly avoided another blockade. According to reports, the incoming coalition wants to wait to see if stricter Covid passport rules can help ease the rise there. Cases. Despite this, the incoming German leader Olaf Schultz said on Wednesday that the target group will be vaccinated.

CNBC Pro’s stock selection and investment trends:

overnight Asia Pacific marketAs investors reacted to the Bank of Korea’s decision to raise the policy interest rate to 1%, the stock price was mixed.The Bank of Korea’s decision is The Reserve Bank of New Zealand took a similar move on Wednesday.

The US market is closed on Thursday for Thanksgiving and will close early on Friday, shortening the trading hours.

In terms of data, the details of Germany’s gross domestic product (GDP) in the third quarter will be released, and the December reading of the German GfK Consumer Confidence Barometer will be released soon.

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