Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

European stocks retreat in thin trading, set to end 2020 with losses

Published 31/12/2020, 09:31
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Dec 31 (Reuters) - European stocks retreated on Thursday as
investors squared positions on the last trading day of the year,
while wider coronavirus lockdowns in Britain and news that the
United States had raised tariffs on some EU products dampened
sentiment.
Trading volumes were thin, with many traders away on New
Year's Eve and major European bourses closed.
The pan-European STOXX 600 .STOXX recorded a 3.8% drop in
2020 - lagging Asian and Wall Street equities that traded near
record highs - as a rapid surge in coronavirus cases, as well as
Brexit concerns weighed on the markets.
The German DAX .GDAXI ended 2020 with a 3.5% gain on
Wednesday and just below all-time highs, while Italy's FTSE MIB
.FTMIB was down 5.4% for the year.
In light trading, UK's FTSE 100 .FTSE fell 1.5% and
France's CAC 40 .FCHI dropped 0.7%. Both markets will close
early on Thursday.
London markets took a bigger blow as Prime Minister Boris
Johnson ordered millions more people to live under the strictest
COVID-19 restrictions to counter a new variant. France's Airbus AIR.PA , Safran SAF.PA and liquor makers
Pernod Ricard PERP.PA and Remy Cointreau RCOP.PA fell about
1% after the U.S. government said it would raise tariffs on EU
products including aircraft components and wines from France and
Germany, the latest twist in a 16-year battle over aircraft
subsidies between Washington and Brussels.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.