European stocks sluggish as COVID-19 cases rise

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Telecom stocks nudged European stocks slightly higher on Friday, but the main indexes were on course for sharp weekly declines as the continent grapples with a fresh wave of COVID-19 cases.

In a volatile week marked by worries about coronavirus restrictions hampering the European economic recovery and continued unwinding of bullish bets in U.S.

tech firms, the STOXX 600 benchmark was set for its worst week in over three months.surged 10.4% after billionaire Bernard Arnault revealed he had built up a direct stake in the firm, which is under siege from several other investors.

 

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😦😷 slowing down performance in all countries, I hope this doesn't last long.!!! 🙏

NoToFarmBills

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