News Formal

Europe: Shares tumble on J&J vaccine worries, banks slide

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

[BENGALURU] European shares fell on Tuesday as Johnson & Johnson's move to pause its Covid-19 clinical trials raised doubts about the timeline of a vaccine, while bank stocks tracked a slide in bond yields on bets of more stimulus by the European Central Bank. Read more at The Business Times.

Investors were also digesting mixed signals on more US fiscal aid, with House Speaker Nancy Pelosi saying a recent offer from President Donald Trump fell far short of what the American people need, but added she still hoped a deal could be reached.Hopes of more US fiscal aid and signs of an economic rebound have powered European stock markets, helping the benchmark Stoxx 600 on Monday to hit its highest close in nearly a month.

German investor sentiment fell more than expected in October on a triple whammy of coronavirus, Brexit and US election angst, while in Britain, the unemployment rate rose in the three months to August to hit its highest in more than three years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

Europe: Stock markets little changed at open[LONDON] European stock markets were little changed at the start of trading on Tuesday following a sluggish performance in Tokyo overnight. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks mixed at open[LONDON] Europe's top stock markets were mixed at the start of trading on Monday, with London losing ground before fresh coronavirus restrictions were announced while Frankfurt and Paris shifted higher. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »