Europe: Shares drop on final trading day of the year
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON] European shares inched lower as risk appetite took a hit amid surging Covid-19 infections around the world and on worries over the pace of global economic recovery from the pandemic.
The pan-European STOXX 600 fell 1 per cent as of 0815 GMT, with travel stocks leading losses. The benchmark index, which gained 0.2 per cent in the previous session, is eyeing a rise of 1.3 per cent this week.
New Year celebrations around the world have been called off as the surge in Covid-19 cases casts a gloom over festivities for a second year in a row.
Still, the European benchmark is set to end the year 22.5 per cent higher, with all of the major subsectors on track to close in positive territory.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
