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Europe: Stocks struggle as virus worries weigh on fragile recovery

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[BENGALURU] European stocks struggled for momentum in early deals on Friday, with a resurgence in coronavirus cases across the continent raising concerns about its impact on a nascent economic recovery. Read more at The Business Times.

[BENGALURU] European stocks struggled for momentum in early deals on Friday, with a resurgence in coronavirus cases across the continent raising concerns about its impact on a nascent economic recovery.

The pan-European Stoxx 600 index slipped 0.1 per cent by 7.08am GMT, with travel and leisure stocks leading the losses with a 1 per cent decline. Market sentiment remained shaky as France registered a record 10,593 new confirmed coronavirus on Thursday, the highest single-day count since the pandemic began, while the United Kingdom also saw a surge in cases.Spain's state-owned Bankia slipped 2 per cent after Caixabank valued it at 4.3 billion euros as part of a deal that will create Spain's biggest domestic bank.

 

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