KONTAN.CO.ID - LONDON. 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 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.
European stocks retreat in thin trading, set to end 2020 with losses
KONTAN.CO.ID - LONDON. 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 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.