TOKYO (AP): European indexes were slipping in early trading Wednesday (Feb 5) after Asian shares rose on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak. France's CAC 40 slipped 0.3% to 5,916.83 in early trading, while Germany's DAX lost 0.3% to 13,247.33. The move is the latest step by Beijing to soften the financial blow of the recent virus outbreak. Worries about the potential global economic impact of a protracted outbreak rattled markets in recent weeks, erasing the S&P 500’s gains last month. More companies, including Sony, are warning investors of a potential hit to revenue and profit because of the virus.

Source: The Star February 05, 2020 10:41 UTC