European markets close lower on concerns for the global economy; UK announces jobs plan
European stocks closed lower Thursday as investors’ hopes for an economic recovery following the coronavirus pandemic faltered amid a second wave of cases.
The pan-European Stoxx 600 closed down by 1% provisionally, with most sectors and all major bourses trading in negative territory. Retail shares led the selling action, declining 2.2%.
U.K. Finance Minister Rishi Sunak on Thursday announced a new emergency package of measures to contain unemployment, replacing the country’s furlough scheme which is due to expire next month.
Reference: CNBC
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