European stocks edge lower after ECB calls for banks to halt dividends through October

European stocks SXXP, -2.39% slipped in early trade on Monday, with modest losses across the Continent. Two companies that warned over the impact of COVID-19, chip equipment maker ASML and luxury-goods product firm LVMH MC, -0.73%, both advanced. ABN Amro ABN, -8.

58% however slumped 7% as it scrapped its dividend, after the European Central Bank called for payouts to be halted until October, and other banks also dropped. Light sweet crude oil futures CL.1, -5.39% slumped over 4% to $20.60 a barrel, and the euro EURUSD, -0.59% fell vs. the dollar.

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Asia stocks set to trade lower as investors continue to assess economic impact of coronavirus pandemicInvestors will continue to watch for developments on the global coronavirus outbreak, which has already infected more than 691,000 worldwide and taken at least 32,000 lives, according to data compiled by John Hopkins University.
Source: CNBC - 🏆 12. / 72 Read more »