Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

European shares set for weekly losses as virus cases surge

Published 16/10/2020, 08:10
© Reuters.
UK100
-
TKAG
-
FTMC
-
STOXX
-
SXEP
-
SX7P
-
SXIP
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Oct 16 (Reuters) - European shares bounced from two-week
lows on Friday but were still set for weekly losses after a
sell-off that was marked by fears of a second wave of COVID-19
infections, Brexit-related uncertainty and doubts about more
U.S. fiscal stimulus.
The pan-European STOXX 600 index .STOXX was up 0.7% after
posting its worst session in more than three weeks on Thursday.
Banks .SX7P , insurers .SXIP and energy .SXEP stocks, which
bore the brunt of the losses this week, were up between 0.3% and
1.0%.
A resurgence in coronavirus cases across Europe has stoked
fears about more sweeping lockdowns, with London and Paris -
Europe's two richest cities - again living under the shadow of
state-imposed restrictions. Focus on Friday will be on signs of progress in Brexit
negotiations, with Prime Minister Boris Johnson set to give
Britain's response to the European Union's demand that he either
gives more concessions to secure a trade deal or braces for a
disorderly Brexit in three months. London stocks .FTSE .FTMC rose about 1.0% in early
trading, but were still on course to snap a two-week gaining
streak. .L
Shares of Thyssenkrupp TKAG.DE surged 24.2% as a report
said privately-held Liberty Steel Group is set to bid for the
ailing steel unit of the company as soon as Friday.

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.