Europe: Stocks post worst week since October on vaccine woes

📆 30/01/2021 4:15:00
📰 BusinessTimes

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[BENGALURU] European stocks slid on Friday, recording their worst weekly performance since October as concerns around the slow rollout of Covid-19 vaccines mount, while a retail trading frenzy led to volatility on Wall Street. Read more at The Business Times.

Europe urgently needs more shots to speed up its inoculation programme, with AstraZeneca, Pfizer and Moderna facing difficulties in delivering the shipments to the bloc.

"I'm still optimistic on parts of Europe which have lagged rather badly, economically and in markets. They could begin to perform as the cyclical catch-up becomes more important." In a busy day for earnings, Sweden's Ericsson jumped 7.6 per cent after reporting fourth-quarter core earnings ahead of market estimates on the back of strong sales of 5G equipment.

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