European Stocks Finish the Week in Losses

Europe’s stocks closed lower on Friday, nearly doubling their weekly losses amid concerns about the resurgence of the coronavirus pandemic with the spread of the Delta Variant.

STOXX Europe 600 lost 1.46 points or 0.32% to close at 454.74, registering its third consecutive daily decline, down for the week by 0.64%.

This is the biggest weekly loss for the pan-European index in a month.

Meanwhile, the French CAC40 finished the week lower by 1.06%, the German DAX plunged by 0.94%, and the UK’s FTSE100 decreased by 1.60%.