BREAKING - European Stocks Weaken; Virus Causes Uncertain Outlook

European stock markets drifted lower Tuesday, amid caution over the economic outlook given the restrictions to combat the Covid-19 surge despite the latest positive Covid-19 vaccine news.

At 3:50 a.m. (ET), the DAX in Germany traded 0.1% lower, the CAC 40 in France fell 0.2%, while the U.K.'s FTSE index dropped 0.3%.

Investor sentiment was given a boost Monday when Moderna (NASDAQ:MRNA) said its experimental Covid-19 vaccine was 94.5% effective in preventing infection, adding to Pfizer 's (NYSE:PFE) promising trial data last week.

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