European Stocks Pare Annual Gains With Worst December Since 2002
- DAX gains for fourth year, while U.K., Spain market fall
- Strategists see more gains for 2016, helped by ECB stimulus
This article is for subscribers only.
With another day of declines, European stocks completed their worst December since 2002, trimming a fourth annual advance.
The Stoxx Europe 600 Index fell 0.4 percent in the last trading day of the year, taking its monthly drop to 5 percent and paring the 2015 gain to 6.9 percent. The volume of shares changing hands was more than two-thirds lower than the 30-day average on Thursday, with markets including Germany, Switzerland and Italy closed, while the U.K., France and the Netherlands shut early.