European shares closed lower, Friday, in limited trading due to the Christmas holiday, after the recent rally in global stocks on indications that the mutated Omicron may not hinder the global economic recovery.
The pan-European Stoxx 600 index fell 0.1% to 483.01 in a short pre-Christmas trading session. The index rose 1.9% this week.
The British FTSE 100 index closed unchanged, while The French CAC 40 index closed lower by 0.3%. Stock markets in many countries including Germany, Italy, Spain, Switzerland and the United States were closed Friday for Christmas.
Most of the Asian markets rose, and the Standard & Poor’s 500 index closed at a record high last night thanks to positive economic data and with the release of some studies that indicated that the odds of hospitalization are lower when infected with the Omicron mutant compared to other mutants from Corona, such as Delta.