Europe: Stocks dip on second wave fears, Brexit uncertainty

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[BENGALURU] European shares ended slightly lower on Wednesday, extending a decline from the previous day as surging coronavirus cases stoked fears of more sweeping lockdowns, with uncertainty over a Brexit trade deal also dampening the mood. Read more at The Business Times.

"If infection trends were to continue, this hope will start to dwindle though it would look to the market as if the US was handling the pandemic better after all."

A stronger pound also weighed on the export-heavy index as sources said the European Union and Britain were set to prolong Brexit talks past a mid-October deadline imposed by British Prime Minister Boris Johnson. Meanwhile, data on Wednesday showed euro zone industrial production slowed sharply in August as expected, mainly due to a plunge in the output of capital goods even though it was cushioned to some extent by higher production of durable consumer goods.

 

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