European shares slump on virus fears, banks hit by weak earnings

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European shares fell on Wednesday as investors feared that a resurgence in COVID-19 cases would quash hopes of a swift recovery in the global economy, while rising U.S.-China tensions also dented sentiment.

) dropped 5.8% after swinging to a loss in the first quarter as the COVID-19 pandemic drove up loan loss provisions.

The global mood tracked a grim overnight session on Wall Street after a top U.S. infectious disease expert warned that premature moves to reopen U.S. economy could have dire consequences.

 

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Banks are cheap investment now if you have the spare cash and can wait a year....Irish banks particularly are at an all time low right now and are my choice for a long term investment.

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Sverige Senaste nytt, Sverige Rubriker

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Asian stocks set to fall on growing second virus wave fearsAsian equities and oil prices were set to slip on Tuesday amid growing investor worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. No one should do business with China ever again These headlines are so lame. Making up reasons why stocks rise or fall. Stocks move because of liquidity. End of!! An uncertain pathway is currently paving its way into all of our lives.
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