Damrak falls due to concerns about the efficacy of vaccines against Omikron

Concerns about the new corona variant Omikron once again gripped stock exchange trading on Damrak on Tuesday. After the cautious recovery from the day before, fears that the existing vaccines would not work as well against the Omikron variant got the better of them.

The negative vote followed statements by CEO Stéphane Bancel of the American pharmaceutical and vaccine maker Moderna. Bancel told the British business newspaper Financial Times that the current vaccines are probably less effective against the new corona variant. He also stated that it could take months to develop and produce a new vaccine.

Federal Reserve Chairman Jerome Powell, who will make a statement in the Senate later in the day, also warned of the dangers of the Omikron variant. According to the central banker, the arrival of the new variant increases the risk of inflation and may put a brake on the American economy. Also, supply problems could worsen if the virus flares up again.

The AEX index on Beursplein 5 traded 1.1 percent in the red at 777.99 points in morning trading. The MidKap fell 0.5 percent to 1032.39 points. The stock exchanges in Frankfurt, London and Paris fell to 1.2 percent. Good news came from China. There, manufacturing activity showed unexpected growth in November, after contracting in October.

All 25 main companies on the Damrak went down. Beer brewer Heineken, healthcare technology company Philips and steel concern ArcelorMittal were at the bottom, with losses of around 2 percent.

In London, easyJet won more than 1 percent. The British airline carried far fewer passengers in the past financial year than a year earlier, due to travel restrictions against the corona pandemic. The company also made a further loss. According to easyJet, it is too early to say what impact the Omikron variant will have on European travel. Air France-KLM lost 2.5 percent in Amsterdam.

Fastned won 1.4 percent. The company opened its first four fast charging stations for electric cars in France. With this, the fast charging company adds a sixth country to its European network. In the coming weeks, Fastned will open another five charging stations in France.

The euro was worth $1.1331, against $1.1262 a day earlier. Oil prices fell after the rebound on Monday. A barrel of US oil was 1.9 percent cheaper at $ 68.61. A barrel of Brent oil fell 2 percent in price to $71.96.

Damrak falls due to concerns about the efficacy of vaccines against Omikron
Source link Damrak falls due to concerns about the efficacy of vaccines against Omikron

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