European stocks close lower amid uncertainty in global markets; French mall operators rally
European stocks closed lower on Wednesday, echoing an uncertain trend seen in other global markets as investors monitored vaccine rollouts and earnings.
The pan-European Stoxx 600 slid 1.1%, with basic resources falling 3.4% to lead losses while telecoms bucked the downward trend to add 1.5%.
The lackluster sentiment in Europe reflected investor uncertainty amid the ongoing coronavirus pandemic; stocks in Asia-Pacific were mixed in Wednesday trade, while U.S. stocks fell sharply on Wednesday amid weak earnings from Boeing and AMD, along with concern about heightened speculative trading activity.
Reference: CNBC
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