European shares rebound despite fears over virus mutation

 

• London +0.23%. U.K. GDP grew by a record 16% in Q3, revised up from a previous estimate of 15.5%. But that still did not make up for its 18.8% slump in Q2, when much of the economy was shut down.
• The data also showed that the economy was 8.6% below 2019 mark, less than an initial estimate of 9.7%.
• Also, many other nations have closed their doors for U.K. due to worries over a highly infectious new coronavirus strain.
• Germany +1.34%. Germany January GfK consumer confidence -7.3 vs -7.6 expected, prior -6.8 (revised).
• France +1.34%.
• U.K. and France aim to restart freight as queues grow.  France's Europe minister Clément Beaune said any plans agreed upon related to France's border closure will come into effect from Wednesday.
• The U.K. and EU remain deadlocked over post-Brexit trade relations as the Dec. 31 deadline approaches.
• Sterling extended Monday’s losses on Tuesday, falling another 0.5% to around $1.34.
• https://seekingalpha.com/news/3646491-european-shares-rebound-despite-fears-over-virus-mutation