European stocks fall after recent surge, all eyes on Trump-Biden debate | Malay Mail

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FRANKFURT, Sept 30 ― European stocks slipped yesterday after solid gains in the previous session, with banks, energy and insurance sectors sliding as coronavirus cases mounted globally. Investors were mostly in a wait-and-see mode as US Democratic presidential nominee Joe Biden and President...

Wednesday, 30 Sep 2020 09:12 AM MYT

Investors were mostly in a wait-and-see mode as US Democratic presidential nominee Joe Biden and President Donald Trump prepared for their first debate, five weeks before the presidential election.The pan-European STOXX 600 closed down 0.5 per cent, in line with tepid moves across global markets also watching for progress in talks on more US fiscal stimulus.

“Our stance on equities is still constructive in the medium-term, even if it's bumpy ride due to risks including Brexit, US-China trade friction and uncertainty around the US election,” said Michele Morganti, equity strategist at Generali Insurance Asset Management. Sensor specialist AMS jumped 6.6 per cent to the top of STOXX 600, with traders pointing to supportive news about lighting group Osram, which it recently took over.

 

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