European stocks dropped in thin trading on the final trading day of a rollercoaster year that will leave the region’s main benchmark short of recouping all its losses from the pandemic . The Stoxx Europe 600 Index fell 0.4% at 8:15 a.m. in London, taking its annual decline to 4.1%. Greater political clarity also helped risk assets, following the US election and a Brexit deal. “The Brexit deal is likely to have a knock-on impact on risk appetite for European equities." The UK also underperformed, although it has rebounded in recent sessions following the Brexit deal.

Source: Mint December 31, 2020 09:00 UTC