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European shares fall on second virus wave fears; Siemens slides

Published 11/12/2020, 04:15 PM
Updated 11/12/2020, 04:21 PM
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Nov 12 (Reuters) - European shares retreated from
eight-month highs on Thursday as surging coronavirus infections
raised doubts about a quicker economic rebound and overshadowed
several upbeat quarterly earnings reports.
The pan-European STOXX 600 index .STOXX was down 0.7% by
0804 GMT, taking some of the shine off gains of more than 13%
this month that had set it on course for its best monthly
performance ever.
London's FTSE 100 .FTSE fell 0.9% as data showed the UK
economy grew by a slower than expected 1.1% in September from
August, even before the latest restrictions on businesses. .L
German engineering group Siemens SIEGn.DE shed 3.4% even
as it reported better-than-expected profit at its industrial
business in the final set of results overseen by long-standing
Chief Executive Joe Kaeser.

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