European stocks slide in risk-off mood, M&A talk lifts Italian banks | Malay Mail

📆 26/9/2020 5:06 AM
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FRANKFURT, Sept 25 ― European stocks slid yesterday, with UK markets leading the way after Britain's government launched a scaled-back job support programme, while a second wave of Covid-19 cases across the continent dampened investor sentiment. The pan-European STOXX 600 index fell 1.0 per cent...

Friday, 25 Sep 2020 09:46 AM MYT

The pan-European STOXX 600 index fell 1.0 per cent to close at its lowest level since August 3, with the retail, oil & gas and financial services sectors falling the most. “With the recent sentiment change in the market, it should be remembered that market volatility still exists. Exceptionally low interest rates and ample liquidity give investors few choices other than to invest in riskier assets.”

Earlier, a Banco BPM spokeswoman said it was not in contact with bigger rival UniCredit over a potential merger, dismissing a press report. UniCredit rose 2.3 per cent.

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