Stoxx 600 Index: European Stocks Slide With Tech Equities Make Biggest Losses
European equities retreated as worries over omicron’s spread reining in global growth along with the pullback in monetary stimulus weighed on sentiment.
The Stoxx 600 Index closed 0.6% lower, paring a drop of as much as 1.2% in afternoon trading. Technology stocks fell as investors sold out of pricier areas of the market, while automakers slumped after European car sales plunged to a record low in November. Energy shares were under pressure with oil dropping.