European stocks lose steam after five-day rally

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European stocks drifted lower on Friday after a strong rally this week as Italy and France posted a record number of coronavirus cases, while investors assessed the implications of a political gridlock in Washington on policy and stimulus.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 5, 2020. REUTERS/Staff

Travel & leisure stocks fell the most in response, with British airline easyJet saying the recently announced lockdowns in England, Germany and France had forced it to scale back its already reduced flying schedule. Its shares declined 3.1%.Global stock markets rallied earlier this week as investors took the view that a divided U.S. Congress could delay major policy changes including tighter scrutiny on big American firms.

“For now, financial markets don’t appear too concerned, however it would still seem prudent to take some money off the table as we head into the weekend.”

 

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More good news please(((

Wonder why? Maybe because the US election has officially been stolen by corrupt democrat cities?

My guess is what went up will come down. Put warrant time...

Hang on. We are finishing the count. Soon BidenHarris2020 🇺🇸🇺🇸🇺🇸🇺🇸

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