👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

European shares sink again as coronavirus deaths mount

Published 23/03/2020, 09:12
© Reuters.
UK100
-
DE40
-
ES35
-
AIR
-
STOXX
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
March 23 (Reuters) - European shares were stuck near
seven-year lows on Monday after several countries expanded
measures to curtail the spread of the coronavirus pandemic, with
Italy banning even domestic travel as the number of fatalities
there topped 5,400.
The benchmark STOXX 600 index .STOXX was down 4.6% at 0806
GMT, with bourses in Germany .GDAXI , Spain .IBEX and London
.FTSE leading declines.
The relentless spread of COVID-19, the disease caused by the
novel coronavirus, has forced entire countries to self-isolate
and brought economic activity to a grinding halt, driving the
biggest global market sell-off since the 2008 financial crash.
MKTS/GLOB
With growing evidence of the corporate damage from paralysed
supply chains and consumer spending, analysts have suggested the
global economy was already in recession. Planemaker Airbus AIR.PA fell another 12.7% after saying
it was withdrawing its 2020 financial forecast, dropping a
proposed 2019 dividend and suspending funding to top up staff
pension schemes.

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.