European shares traded sideways on Friday as investors awaited fourth-quarter GD...
- European shares traded sideways on Friday as investors awaited fourth-quarter GDP data from across the euro zone, and another jump in coronavirus cases followed World Health Organization assurances that the trajectory of the outbreak had not changed.
Royal Bank of Scotland Group PLC also dropped to the bottom of the STOXX 600 after flagging a new strategy to slash its investment bank and rename the company. Data from Germany, the bloc’s biggest economy, came in below expectations, setting a gloomy tone for the cumulative figure due later. Real estate .SX86P and utilities .SX6P were the best performing European sectors for the day, rising about 0.9% each.
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