European stock markets rebound from Omicron-fuelled selloff

European shares rebounded on Monday from their worst selloff in more than a year, as investors awaited clues on whether the Omicron variant of coronavirus would hamper economic recoveries and monetary tightening plans by central banks.
 

The pan-European STOXX 600 advanced 1% as of 0818 GMT, after a 3.7% slump on Friday, triggered by concerns around the newly discovered variant.
 

A South African doctor who was one of the first to suspect a different coronavirus strain among patients said on Sunday that symptoms of the Omicron variant were so far mild and could be treated at home.
 

All sectors were