The German share price index DAX graph is pictured at the stock exchange in Frankfurt June 23, 2020. ― Reuters picBERLIN, March 23 — European stocks eased from a one-year peak today, as a new wave of coronavirus infection and fresh lockdown in Germany raised fears of a slow economic recovery from the pandemic shock.
Swedish truckmaker Volvo slumped 6.4 per cent after it warned that a shortage of semiconductors would have a substantial impact on production in the second quarter. “But as long as the vaccine efficacy is not being put into question, we think investors will look through short-term volatility.” Travel & leisure stocks fell again, with British Airways-owner IAG, easyJet and travel company TUI down more than 4 per cent.