Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Virus concerns weigh on European stocks ahead of ECB policy decision

Published 23/01/2020, 09:27
© Reuters.  Virus concerns weigh on European stocks ahead of ECB policy decision
STMPA
-
STOXX
-
SXEP
-
SXAP
-

(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

Jan 23 (Reuters) - European shares fell in early trading on

Thursday, hit by worries over the spread of a new flu-like virus

in China, with investors also bracing for the European Central

Bank's first policy decision of the year.

The pan-European STOXX 600 .STOXX index dropped 0.4% at

0806 GMT as the energy subsector .SXEP slipped 0.8%, tracking

a slide in oil prices on concerns that the virus outbreak may

dent fuel demand. O/R

Auto stocks .SXAP hit fresh three-month lows after U.S.

President Donald Trump threatened to impose high tariffs on

imports of cars from the European Union if the bloc doesn't

agree to a trade deal. While the ECB is expected to leave its monetary policy on

hold, the bank's president, Christine Lagarde, is set to launch

a broad review of policy that is likely to see her redefine the

central bank's main goal and how to achieve it. Among individual stocks, Apple-supplier STMicroelectronics

STM.PA gained 4.6% and was the top performer on the benchmark

index, after the chipmaker reported fourth-quarter sales and

gross margin above the mid-point of its forecast.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.