European stocks close weak after cautious session

NAMPA / DPA
2025-01-03
Brussels/Frankfurt/Paris (dpa-AFX) - European stocks closed weak on Friday, retreating after scoring strong gains on the first session of Year 2024. Losses in the automobile, luxury and travel sectors weighed on the markets on a day when investors largely stayed cautious, looking for directional clues. The drop in shares from the luxury sector was due to a sharp near 30% drop in duty-free sales in China's island province of Hainan last year. The......
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