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ROUNDUP / Europe stocks end: recovery aborted – ‘investors suspicious’

Thursday, 12/02/2021 7:10 PM from

dpa-AFX

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The flag of the European Union. pixabay.com

PARIS / LONDON (dpa-AFX) – Europe’s stock exchanges on Thursday followed the downward slide of the US stock exchanges on Wednesday evening and closed weakly. The recovery gains on Wall Street today received little attention. In addition to concerns about the spread of the Coronavirus variant Omikron, the technology sector on both sides of the Atlantic was burdened by the fact that the demand for iPhones is apparently reduced.

The leading Eurozone index EuroStoxx 50 lost 1.70 percent to 4108.02 points. In Paris the Cac gave 40 by 1.25 percent to 6,795.75 points, and in London the FTSE lost 100 0.55 percent on 7129.21 counters.

With a view to the heavy losses on Wall Street on Wednesday, investment strategist Jürgen Molnar from the trading house Robomarkets commented: It is basically not the Omikron variant, which has now also appeared in the USA, that triggered the panic-like sales. Rather, the investors “simply no longer trusted the roast of almost endlessly rising prices,” he said. Mainly because monetary policy is likely to cease to be a support factor in the coming months.

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