European markets slightly lower as investors monitor omicron developments

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European markets slightly lower as investors monitor omicron developments
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European markets are set to open slightly lower in what's likely to be a thin trading session on Christmas Eve.

LONDON — European markets are set to open slightly lower in what's likely to be a thin trading session on Christmas Eve, with traders keeping a watchful eye on the latest developments around the omicron Covid variant.

Market players are juggling concerns over coronavirus restrictions and tighter central bank policy with signs that the heavily mutated omicron strain of the virus is milder than earlier variants like delta.this week suggest omicron has a reduced risk of hospitalization and severe illness.

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