European equities drop on virus cases, weak data - News Summed Up

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European equities drop on virus cases, weak data


The pan-European STOXX 600 on Friday ended down 4.46 points, or 1.1 percent, at 410.70, widening losses to 3.1 percent from 423.64 on Jan. 24, its worst week in almost six months. On the month, it lost 1.2 percent — its worst January since 2016. “Each new case adds to the uncertainty about the virus,” Cooperatieve Rabobank UA strategist Philip Marey said. Travel and leisure stocks also extended losses as more airlines suspended flights to and from China. The UK’s official exit from the EU later on Friday had no immediate effects on stocks, but it fuels uncertainty going forward.


Source: Taipei Times February 01, 2020 15:56 UTC



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