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European shares extend losses as virus worries offset vaccine cheer

Published 11/18/2020, 04:20 PM
Updated 11/18/2020, 04:31 PM
© Reuters.

© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Nov 18 (Reuters) - European stocks slipped on Wednesday as
worries about further economic damage and fresh lockdown
measures caused by a resurgent pandemic dented recent optimism
over promising vaccine trial results.
The pan-European STOXX 600 .STOXX extended losses for a
second session after dropping 0.4% by 0805 GMT.
Real estate .SX86P and energy stocks .SXEP fell the
most, while tech stocks .SX8P advanced.
Britain's RSA Insurance RSA.L rose 3.8% to the top of the
STOXX 600 index after the company said it had received a cash
offer worth 7.2 billion pounds ($9.55 billion) from Canadian
peer Intact Financial IFC.TO and Danish insurer Tryg
TRYG.CO . Deutsche Boerse DB1Gn.DE gained 0.8% after the German
stock exchange operator said it would acquire an 80% stake in
corporate governance adviser Institutional Shareholder Services
(ISS) for about $1.8 billion.

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