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European shares extend losses as virus worries offset vaccine cheer

Stock MarketsNov 18, 2020 03:25AM ET
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© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt

(Reuters) - European stocks slipped on Wednesday as worries about further economic damage and fresh lockdown measures caused by a resurgent pandemic dented recent optimism over promising vaccine trial results.

The pan-European STOXX 600 (STOXX) extended losses for a second session after dropping 0.4% by 0805 GMT.

Real estate (SX86P) and energy stocks (SXEP) fell the most, while tech stocks (SX8P) advanced.

Britain's RSA Insurance (L:RSA) rose 3.8% to the top of the STOXX 600 index after the company said it had received a cash offer worth 7.2 billion pounds ($9.55 billion) from Canadian peer Intact Financial (TO:IFC) and Danish insurer Tryg (CO:TRYG).

Deutsche Boerse (DE:DB1Gn) gained 0.8% after the German stock exchange operator said it would acquire an 80% stake in corporate governance adviser Institutional Shareholder Services (ISS) for about $1.8 billion.

European shares extend losses as virus worries offset vaccine cheer
 

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Comments (2)
Franklin Stein
Franklin Stein Nov 18, 2020 6:00AM ET
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Because there are several different vaccines in the pipeline the story makers have dreamed up that every person will need to have all of them more than once in order to create total immunity until the next strain appears (replacing the annual flu jab). The manufacturers and supporting governments will ensure that these totally inadequately tested concoctions are compulsory and at the individuals own risk. Children will be vaccinated without parents consent.
Camaro Camero
Camaro Nov 18, 2020 6:00AM ET
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A human pincushion is the desired outcome. I am sorry, I meant population control... well let's just narrow that down to control.
Pavel Smirnov
Pavel Smirnov Nov 18, 2020 5:52AM ET
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Duck with EU stocks they do not have Fed gangsta Powell so do not count. Fed gangsta fill print more money if needed to keep market on way to 3700-3800, as predicted by Wall Street sharks like JPM, GS etc
 
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