UK quarantine moves, data knock European stocks lower

📆 8/15/2020 3:25 AM

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

[BENGALURU] European shares slid in thin summer trading on Friday as travel stocks slumped after Britain added more countries to its quarantine list, while weak data from across the globe raised doubts over the pace of economic recovery from the coronavirus crisis. Read more at The Business Times.

📆 8/15/2020 3:25 AM
📰 BusinessTimes

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 51%

"What we have got is a significant amount of uncertainty over the evolution of coronavirus pandemic, which is maintaining a risk premium for the transportation, leisure and hospitality sectors," said Alastair George, head strategist at Edison Investment Research.

Worries over upcoming US-China trade talks amid souring diplomatic relations between the two countries and a lack of progress in negotiations over US economic stimulus, a major factor that has pushed US stocks near all-time highs, also weighed on the mood. "We do believe there's value in European equities," said Matthias Scheiber, global head of multi asset portfolio management at Wells Fargo Asset Management.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Air France-KLM and French travel stocks hit by UK quarantine measureShares in Air France-KLM and other French travel stocks fell on Friday after the United Kingdom decided to impose a 14-day quarantine on all ...
Read more »