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Stock impact report

'Santa Rally' pushes European shares to five-week highs [Financial Post (Toronto, Ontario, Canada)]

Telefonica SA (TEF) 
Last telefonica sa earnings: 2/23 04:01 pm Check Earnings Report
Company Research Source: Financial Post
The pan-European STOXX 600 rose 0.6% to end the session at a five-week high. Best Boxing Day deals on Amazon Canada 2021 Advertisement Risk appetite remains strong into the year-end, according to analysts, despite the threat of the Omicron coronavirus variant hampering a global economy already tackling slowing growth, supply bottlenecks and soaring prices. Advertisement Article content The STOXX 600 is eyeing its best month since March this year, adding 5.5% in December so far, and is on-track to gain around 22.4% in 2021 after falling 4% in 2020. “Given rich valuations after an enthused, if not euphoric, bull run in 2021, it is not unreasonable to propose that this Santa Rally is clearing a higher bar,” said Vishnu Varathan, head of economics and strategy at Mizuho Bank. Most equity markets in Europe gained, with Spain's IBEX and Germany's DAX leading the way. Spain's lower house approved the minority leftist government's 2022 budget bill in its final reading after Show less Read more
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