Europe: Stocks hit mid-June low on report France mulling national lockdown

[BENGALURU] European stocks hit their lowest level since mid-June on Wednesday following a report France was mulling a month-long national lockdown to combat a surge in coronavirus infections.

The pan-European Stoxx 600 index fell 1.6 per cent by 8.08am GMT, while Germany's DAX tumbled 2.2 per cent, UK's FTSE 100 dropped 1.5 per cent and France's CAC 40 plunged 2.5 per cent. The French government has been exploring a new, national lockdown from midnight on Thursday, BFM TV reported, albeit a slightly more flexible one than the two-month shutdown that began in mid-March.Meanwhile, German Chancellor Angela Merkel wants to close all restaurants and bars from Nov 4 according to a draft resolution seen by Reuters, while the Telegraph newspaper reported British Prime Minister Boris Johnson is under pressure for a new lockdown.

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Europe: Stocks hit one-month low as virus fears dominate[BENGALURU] European stocks extended losses on Tuesday as worries about the economic fallout of tighter coronavirus restrictions on the continent overshadowed some better-than-expected earnings reports. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »