Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

European shares fall as investors eye data showing virus impact

Published 02/21/2020, 04:13 PM
Updated 02/21/2020, 04:16 PM
European shares fall as investors eye data showing virus impact
STOXX
-
SXEP
-
SX7P
-
SXIP
-
SXPP
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Feb 21 (Reuters) - European shares dropped on Friday as
markets awaited a local reading on economic health to gauge the
extent of the impact of the coronavirus on business activity in
the bloc.
The outbreak has killed more than 2,000 people so far and
upended industrial activity in China, causing disruptions for
several European manufacturers that supply and source products
from one of the EU's largest trading partners.
The pan-European STOXX 600 index .STOXX fell 0.5% by 0803
GMT and was set to lose slightly for the week. A raft of weak
earnings, particularly in the insurance .SXIP and bank .SX7P
sectors, have weighed on the index over the past week.
Commodity-linked subindexes such as basic resources .SXPP
and oil and gas .SXEP stocks were among the worst performers
in early trade.
The IHS Markit's euro zone flash composite purchasing
manufacturer's index (PMI), due at 0900 GMT, is expected to
provide a preliminary reading on business activity in February.
The figure is expected to weaken from the prior month,
according to a Reuters poll.


Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.