Europe: Stocks tumble on concerns over recovery

[BENGALURU] European shares fell again on Thursday on dimming prospects for a recovery in the global economy, but shares in Lufthansa soared after a major shareholder agreed to endorse a 9-billion-euro state bailout.

The pan-European Stoxx 600 fell 1.1 per cent by 7.17am GMT , led lower by travel and leisure, bank and oil and gas stocks. A surge in the number of coronavirus cases globally, prospects of a fresh trade tussle between the United States and the European Union and worrying forecast for global economy this year pushed the Stoxx 600 to its lowest since June 15.

Among gainers, Lufthansa rose 11 per cent after billionaire Heinz Hermann Thiele, who owns a 15.5 per cent stake, told a local newspaper he would endorse the rescue. Bayer inched 0.3 per cent higher after it agreed to pay as much as US$10.90 billion to settle US lawsuits claiming that its widely used weedkiller Roundup caused cancer.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Europe: Stocks close near 2-week high as PMI data brings cheer[BENGALURU] European shares closed at their highest in almost two weeks on Tuesday, powered by cyclical stocks, following signs that business activity in the continent was rebounding faster than expected from a coronavirus-driven slump. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »

Europe: Stocks knocked lower by virus, tariff fears[BENGALURU] European stocks slumped to a one week-low on Wednesday as a surge in coronavirus cases and news that US was weighing tariffs on European products dashed investors hopes of a speedy economic recovery. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »