Soaring Covid-19 cases knock European stocks off 10-month high | Malay Mail

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FRANKFURT, Jan 12 ― European stocks fell yesterday after a strong rally last week took them to the highest level in more than 10 months, retreating as surging coronavirus cases across the continent and mainland China looked likely to dent a global economic recovery. The pan-European STOXX 600...

Germany's DAX index shed 0.8 per cent after hitting all-time highs last week and France's CAC 40 was also down 0.8 per cent, while London's FTSE 100 dropped 1.1 per cent. ― Reuters pic

Germany's DAX index shed 0.8 per cent after hitting all-time highs last week and France's CAC 40 was also down 0.8 per cent, while London's FTSE 100 dropped 1.1 per cent. “I would say the answer to that is no. We still need to cope with the new wave of virus infections, and it's taking quite a bit of time in many countries to rollout vaccines.”

Mining stocks shed 1.7 per cent as a stronger dollar and worries about demand weighed on metal prices.

 

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