Europe ends lower as lockdowns continue

Thursday, 21. January 2021 17:40

Major stock market indexes in Europe ended lower on Thursday after the number of COVID-19 cases on the continent continued to jump, leading to prolonged lockdowns. Meanwhile, data from the European Commission showed that consumer confidence fell in Europe in January while the ECB said it saw a decline in growth in the fourth quarter of 2020 as a result of coronavirus restrictions. Speaking following the ECB's latest interest rate decision, the central bank's head, Christine Lagarde called the spread of new COVID-19 strains "worrying."

The FTSE 100 closed 0.37% in the red, with Rolls-Royce falling 3.31%. The CAC 40 decreased by 0.67%. The French index was led lower by Unibail-Rodamco-Westfield which plummeted 8.09%. Meanwhile, the DAX was 0.11% down as MTU Aero Engines dropped 4.63%.

The euro rose 0.26% against the dollar to go for 1.21395 at 5:42 am CET and the pound jumped 0.41% against the greenback at the same time to change hands at 1.37136 as it traded on May 2018 highs.

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Breaking the News / VP