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European stocks slip as lockdowns cloud growth outlook

Published 25/03/2021, 09:26
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
March 25 (Reuters) - European stocks inched lower in early
trading on Thursday as investors grew wary about the economic
outlook following a new round of coronavirus restrictions in the
euro zone and regulatory concerns hit Chinese stocks.
The pan-European STOXX 600 index .STOXX slipped 0.4% by
0812 GMT, with oil & gas .SXEP , bank .SX7P and retail
.SXRP stocks leading the decline.
Global sentiment took a hit after a selloff in Chinese
technology shares on worries that they will be de-listed from
U.S. bourses, while the number of coronavirus cases in Germany
saw the biggest increase since Jan. 9. H&M HMb.ST dropped 1.9% after at least one Chinese online
retailer appeared to drop its products following social media
attacks on the Swedish company for saying it was "deeply
concerned" about reports of forced labour in the farwestern
region of Xinjiang in China. Shares of German sportswear firm Adidas ADSGn.DE , which
also came under fire, was down 3.2%. Cineworld CINE.L fell 6.8% after it reported a $3 billion
loss for 2020 and said it will ask shareholders to approve a
raise in its debt ceiling.

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