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Lockdown fears, U.S. stimulus doubts hit European shares

Published 15/10/2020, 08:12
© Reuters.
UK100
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FCHI
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DE40
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IT40
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ROG
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STOXX
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IBEX
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Oct 15 (Reuters) - European shares fell for a third straight
session on Thursday as concerns about the economic damage from
more coronavirus-induced lockdowns and fading hopes for U.S.
fiscal stimulus before the presidential election dented demand
for equities globally.
The pan-European STOXX 600 index .STOXX was down 1.3% as
France imposed curfews and other European nations said they were
closing schools and cancelling surgeries to tackle the surge in
COVID-19 infections ahead of the winter season. Bourses in France .FCHI , Italy .FTMIB , Spain .IBEX and
Germany .GDAXI fell between 1.3% and 1.6%.
In the UK, ex-dividend trading weighed on the blue-chip FTSE
100 .FTSE , while investors looked for signs of progress in a
Brexit trade deal with the two-day European Union summit set to
kick off later in the day. .L
Swiss drugmaker Roche ROG.S shed 1.9% even as it posted
record revenue in its diagnostics division that offset declining
drug sales and kept it on track to meet its full-year 2020
targets.

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