European stocks are heading to end the week with a cautious performance, as the prospect of tighter lockdown measures in Germany and France, as well as new restrictions to combat COVID-19 in China, dampen optimism about the global economic recovery.<\/p>\n\n\n\n
The pan-European STOXX 600 index fell 0.5%, heading to close the week slightly lower.<\/p>\n\n\n\n
German Chancellor Angela Merkel wants a “very fast action” after the country witnessed a record number of deaths from the Coronavirus, while the French government said it would strengthen border controls from Monday and impose a lockdown from Saturday to curb the spread of the virus.<\/p>\n\n\n\n
The German DAX index fell 0.5% and the French CAC 40 index fell 0.6%. The FTSE 100 index fell 0.6% despite data showing that Britain’s economy contracted less than expected in November.<\/p>\n\n\n\n
German business applications group SAP rose 0.9% after it announced preliminary annual results that came above the upper limit of expectations, but expected a decline in operating profits in 2021.<\/p>\n\n\n\n
Siemens Energy fell 5.3% after General Electric accused a unit of the Electricity Distribution Corporation of using stolen trade secrets to tamper with bids for lucrative contracts.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks are heading to end the week with a cautious performance, as the prospect of tighter lockdown measures in Germany and France, as well as new restrictions to combat COVID-19 in China, dampen optimism about the global economic recovery. The pan-European STOXX 600 index fell 0.5%, heading to close the week slightly lower. German …<\/p>\n","protected":false},"author":9,"featured_media":31994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6864],"class_list":["post-39956","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-european-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=39956"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39956\/revisions"}],"predecessor-version":[{"id":39957,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39956\/revisions\/39957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31994"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=39956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=39956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=39956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}