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European stocks fall into the red against a backdrop of economic pessimism, including fresh lockdown restrictions on the bloc and in Asia.
European stock markets traded lower Friday, ending a generally positive week on a cautious note amid concerns that growing Covid-19 cases will stunt economic growth. U.K. retail sales only grew 0.3% in December, weaker than expected, as retailers struggled to recover in the crucial holiday period from a partial coronavirus lockdown the previous month, marking a weak end to their worst year on record. Additionally, the euro-zone composite PMI, which fell to 47.5 from 49.1 in December, suggested the region was struggling to show any economic growth in the first month of the new year.