Bulls take charge as Omicron concerns ease

Published by
Reuters

By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – Global equity markets and oil prices surged on Tuesday after a timely shot of Chinese stimulus helped spark a rally that was further fueled by views that the Omicron COVID-19 variant will not cause major economic damage. The Nasdaq jumped 3% as technology bounced back, helping the FTSEurofirst 300 index of leading European companies post its first back-to-back run of more than 1% gains since February. Tech stocks climbed 5.6% in Europe, while the S&P information technology sector rose 3.3%, driving almost half of the S&P 500’s gains. S…

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