Europe: Stocks slide as Wall Street hit by virus surge

"Risk appetite is struggling as the coronavirus spread is still not under control in most parts of the world and as geopolitical tensions between China and the West intensify," said Edward Moya, a senior market analyst at Oanda.

Technology stocks registered the only sector rise in Europe, up 0.9 per cent, while banks and utilities fell nearly 2 per cent. "We are in a position where companies can surprise positively versus expectations because the bar has come down quite sizeably for this year and activity has picked up substantially in the last two months," said Guy Miller, chief market strategist at Zurich Insurance.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo: Stocks close lower after Wall Street drop[TOKYO] Tokyo stocks closed lower on Wednesday, with investor sentiment hit by a downswing on Wall Street. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Tokyo: Stocks open lower after Wall Street drop[TOKYO] Tokyo stocks opened lower on Wednesday, with investor sentiment hit by a downswing on Wall Street. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: HSBC and Nokia drag stocks lower amid virus worries[BENGALURU] HSBC and Nokia dragged European shares lower on Wednesday as a surge in coronavirus cases appeared to threaten a recovery in the global economy, while Britain's plan to head off an unemployment crisis cushioned a fall in London's domestically focused stocks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »