Europe: Stocks hit one-month low as virus fears dominate

German Chancellor Angela Merkel is planning a"lockdown light" in Europe's largest economy that would mainly focus on the closure of bars and restaurants to slow down a second wave of infections, newspaper Bild reported.

But shares in oil major BP fell 2.1 per cent. The company swung back to a small profit in the third quarter, but also warned of pandemic-related uncertainties. Europe's oil and gas sector index touched its lowest level in seven months. Spain's IBEX index fell 2.1 per cent, also on worries about the economic impact of coronavirus-related curbs.Out of the 27 per cent of the Stoxx 600 companies that have reported so far, 73 per cent have beat profit expectations, according to Refinitiv data.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo: Stocks close lower on virus fears[TOKYO] Tokyo stocks closed lower on Monday over worries about coronavirus cases spiking in Europe and more countries imposing new measures against the pandemic. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

China: Stocks finish with losses[SHANGHAI] Mainland Chinese shares closed in negative territory on Monday, in line with losses across Asia, while investors were keeping tabs on a policy meeting of the Communist Party this week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »