European stocks struggle as virus worries weigh on fragile recovery

18 September, 2020

European stocks struggled for momentum in early deals on Friday, with a resurgence in coronavirus cases across the continent raising concerns about its impact on a nascent economic recovery.

The pan-European STOXX 600 index slipped 0.1% by 0708 GMT, with travel & leisure stocks leading the losses with a 1% decline. Market sentiment remained shaky as France registered a record 10,593 new confirmed coronavirus on Thursday, the highest single-day count since the pandemic began, while the United Kingdom also saw a surge in cases.

A spree of dealmaking drove activity in individual stocks. Spain’s state-owned Bankia slipped 2% after Caixabank valued it at 4.3 billion euros ($5.10 billion) as part of a deal that will create Spain’s biggest domestic bank. Euronext jumped 3.4% after London Stock Exchange said it had entered into exclusive talks to sell Borsa Italian to the French exchange operator. Germany’s Covestro gained 5.8% after Bloomberg reported private equity firm Apollo Global Management APO.N was exploring a takeover of the plastics maker.


Source  
Euro struggles as U.S. deal hopes fade, COVID spreads20 Oct, 2020  

The euro struggled to rise above the $1.18 level on Tuesday as fading hopes for a U.S. coronavirus aid package dealt a blow to risky assets worldwide, with rising...

Pandemic surge increasing market cautions15 Oct, 2020  

The US indexes stay under moderate pressure on the third day. The S&P500 lost 0.7% on Wednesday and futures on the index are down another...

Dollar extends gains, hitting six-day high14 Oct, 2020  

The dollar index extended its gains on Wednesday and demand for riskier currencies was subdued, as investors became more cautious over rising COVID-19 cases...


Oil lost its momentum but retained its growth potential13 Oct, 2020  

The technology giants are pulling the markets up again. However, this time their positive impact has not yet been able to create a broader growth impulse...

Bank of England asks banks how ready they are for sub-zero rates12 Oct, 2020  

The Bank of England asked banks on Monday how ready they are for zero or negative interest rates, following up its announcement last month that it was considering...

Here's How Much the S&P 500 Can Fall9 Oct, 2020  

President Donald Trump announced Tuesday that he was halting stimulus talks until after the election, causing stocks to drop suddenly before markets close...


Over 80% of people with coronavirus didn't have key symptoms8 Oct, 2020  

So-called "silent spreaders" of the coronavirus could be more common than previously thought, with a U.K. study finding that more than two thirds of people...

Trump may face a "backlash" by returning to work while still infected6 Oct, 2020  

U.S. President Donald Trump returned to the White House on Monday despite still being infected - a move analysts say could draw "backlash" and shows he doesn't take...

Dow futures fall more than 200 points after U.S. presidential debate30 Sep, 2020  

U.S. stock futures declined early Wednesday as traders digested the first U.S. presidential debate. Dow Jones Industrial Average futures pointed to an opening loss...