European Central Bank President Christine Lagarde said the euro zone is ‘probably past’ the worst of the economic crisis caused by the pandemic, but the recovery will be uneven. — Reuters pic
Banks were the biggest decliners, down 2.2 per cent, while their transatlantic peers took a hit from the US Federal Reserve's move to cap shareholder payouts. However, the STOXX 600 lost some steam heading into the close as investors focused on a record one-day rise in US Covid-19 cases. Air France-KLM closed 3.4 per cent lower after rising earlier on news the Dutch government will provide €3.4 billion in support to its Dutch arm.
Source: News Formal (newsformal.com)
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