European stocks eye worst week since October, Ericsson surges

European stocks were lower on Friday and on course for their worst weekly performance since October, as concerns around the slow rollout of COVID-19 vaccines mount and a retail trading frenzy gripped Wall Street this week.

The benchmark STOXX 600 index dropped 1.0%, set to erase all of January’s gains and end the week down 2.4%

London’s blue-chip FTSE 100 and Germany’s DAX fell by similar amounts, while on Wall Street, S&P 500 futures and Nasdaq 100 futures shed almost 1% each .