European stocks end lower as risk rally winds down | Malay Mail

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European stocks end lower as risk rally winds down | Malay Mail
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FRANKFURT, Dec 31 ― European stocks ended a five-day winning streak yesterday as investors locked in recent gains, although positive vaccine and Brexit trends pointed to a stronger 2021 for regional markets. The pan-European STOXX 600 edged 0.3 per cent lower, still staying close to a 10-month...

The pan-European STOXX 600 edged 0.3 per cent lower, still staying close to a 10-month high. — Reuters pic

But the signing of a Brexit deal, coupled with the rollout of a vaccine programme has made investors optimistic about a recovery in 2021. Travel and leisure stocks, one of the worst performing sectors this year, added 0.2 per cent, as they stand to be among the top beneficiaries of a coronavirus vaccine.

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