LONDON — European markets closed decrease on Thursday, the ultimate buying and selling day of a 12 months dominated by the coronavirus pandemic and extraordinary stimulus measures which have tried to mitigate the financial hit from the well being disaster.
The pan-European Stoxx 600 index closed 0.14% decrease on New Year’s Eve after a shorter buying and selling session. London’s FTSE index closed 1.45% decrease on the ultimate day that the U.Okay. is a de-facto member of the EU’s single market and customs union earlier than Brexit is definitively applied.
U.Okay. banks, retailers and residential builders had been among the many shares buying and selling decrease Thursday, with sentiment seemingly affected by each Brexit uncertainty and additional restrictions on public life introduced by the U.Okay. authorities on Wednesday as a result of fee of coronavirus an infection.
Year-to-date, the Stoxx 600 index closed down 3.8%, nevertheless it was up almost 11% for the quarter. Looking at particular person indexes, the FTSE was down over 14% year-to-date, marking its worst 12 months since 2008.
Meanwhile, the French CAC 40 was down 7%, German DAX up 3.5% and Italy’s FTSE MIB down 5.4%. The worst-performing market within the area has been Spain’s IBEX, down nearly 15% this 12 months.
Nearly all European markets ended 2020 on a somber word, following lackluster end-of-year commerce in Asia and with U.S. inventory futures largely flat early Thursday morning. Markets in Europe closed early on Thursday, by 1 p.m. London time.