Publishing date: Dec 23, 2020 • December 23, 2020 • 1 minute read •
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(Bloomberg) European equities gained on Wednesday amid optimism that negotiators are drawing closer to a historic post-Brexit trade deal.
The Stoxx Europe 600 Index rose 1.1% by the close in London, with travel, banks and energy stocks advancing the most. The FTSE 250 Index jumped 1.7% to the highest since Feb. 26 as officials familiar with the matter said the outline of a post-Brexit trade agreement has been reached. The pound’s strength was a drag on the FTSE 100, which only rose 0.7%.
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European Stocks Slump as Virus Mutation Fuels New Lockdown Fears
This content was published on December 21, 2020 - 17:08
December 21, 2020 - 17:08
(Bloomberg) European equities fell the most in nearly two months as the U.K. and the European Union failed to make progress on Brexit talks and several major countries moved to suspend travel from the U.K. amid concerns about a new strain of Covid-19, which could lead to more lockdowns.
The Stoxx Europe 600 Index tumbled as much as 3.6%, the biggest drop since Oct. 28, before closing 2.3% lower in London. Such cyclical sectors as banks, energy and travel paced the declines. The FTSE 100 Index dropped as much as 3.3% before closing 1.7% lower.