European Stocks Weekly Losses Worst in Three Months

European stocks closed lower on Friday, amid increasing concerns about the rising number of COVID-19 cases.

The STOXX Europe 600 index declined by 0.2% and ended the week at the level of 355 points, losing 3.87% for the week.

This is the worst weekly losses for the pan-European stocks in about three months.

The German DAX index finished lower by 1.09%, while the French CAC40 index plunged by 0.69%.

Meanwhile, the UK’s FTSE100 gained 0.34%.