The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 8, 2021. REUTERS/Staff
December 9, 2021
(Reuters) – European shares ticked up on Thursday as positive comments from vaccine makers allayed some fears around the Omicron variant, while Deutsche Bank slipped on a report that it might have violated a criminal settlement.
The pan-European STOXX 600 rose 0.3%, as of 0822 GMT, after posting a 0.6% dip in the previous session.
Deutsche Bank dropped 1.6% after a Wall Street Journal report that the U.S. Justice Department said the bank failed to tell prosecutors about an internal complaint in its asset-management arm’s sustainable investing business.
The personal & household goods and healthcare sectors led morning gains, while oil stocks fell as Finnish oil company Neste dropped 4.3% after the resignation of its chief executive officer.
Shares of French fashion group SMCP lost 2% after an ownership battle heated up as major shareholders claimed a 16% stake in the firm had been illegally transferred to an offshore account.
L’Oreal gained 1.9% after agreeing to acquire California-based Skincare brand Youth To The People, while Rolls-Royce fell 2.4% after an earnings update.
(Reporting by Anisha Sircar in Bengaluru; Editing by Subhranshu Sahu)
Source: One America News Network
