Investing.com - European stock markets traded higher Friday, seeking to end a volatile week on a positive note as investors wait for more news about the omicron Covid variant ahead of the release of important U.S. employment data.
At 4 AM ET (0900 GMT), the in Germany traded 0.4% higher, the in France rose 0.2% and the U.K.’s climbed 0.2%.
Equity markets around the world have suffered wild swings for much of this week amid uncertainty over the economic impact of the recently discovered omicron Covid variant.
The European Union's public health agency said on Thursday that omicron could account for more than half of all infections in Europe within months, while Germany, Europe's biggest economy, said it would only allow those with proof of vaccination or naturally-acquired immunity into shops and restaurants. It will also make vaccination mandatory for those in the health and care systems from March.
In South Africa, where the variant first emerged, latest data show that rates for new infections and hospitalizations are rising faster than in previous waves of the pandemic.