European Stocks Log First Weekly Loss in Two Months

European stocks declined on Friday, registering their first weekly loss in eight weeks, as the market reacted to concerns about the rising number of new coronavirus cases amid a new wave of the pandemic.

The STOXX Europe 600 index closed lower by 0.2%, expanding its losses to 0.8% for the week.

Today, the healthcare sector led the decline falling by about 1.1%.

The French CAC40 index fell by 0.15%, the German DAX lost 0.27%, while the UK’s FTSE100 closed unchanged.