High-income households bouncing back firmly as revenues soar at luxury goods group, LVMH.
Potential COVID lockdowns in Europe and AstraZeneca helped to cast a pall on the FTSE 100 on Friday as it closed down -0.38% to 6,915.72, tempering investor optimism after a strong performance this week.
Travel company TUI announced on Friday the launch of a €350m (£304.3m) convertible bond issue to shore up its finances against the disruptive and costly imapct of the coronavirus pandemic.
European stocks are down due to new lockdown fears amid signs of slowing vaccination programmes in some countries
The Euro Stoxx 50 appears vulnerable to heavy losses this week, as the index edges towards critical technical support.
Europe 50 analysis shows that any upside rallies in the index are expected to meet strong selling pressure from the 3,520 resistance level.