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CORRECTED-European shares lifted by weaker euro, dip in new virus cases

Published 02/19/2020, 04:18 PM
CORRECTED-European shares lifted by weaker euro, dip in new virus cases
EUR/USD
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STOXX
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SXAP
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SXPP
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(Corrects paragraph 4 to say flash PMIs are due "later in the
week" and not "later in the day")
Feb 19 (Reuters) - European shares rose on Wednesday,
supported by a weaker euro, while a decline in the number of new
coronavirus cases raised hopes that the impact of the epidemic
on the global supply chain would be short-lived.
The pan-European STOXX 600 index .STOXX was up 0.4% at
0804 GMT, as the number of new cases of the deadly virus fell
for a second straight day in China. China-exposed sectors including autos .SXAP and miners
.SXPP gained 0.6% and 1%, respectively.
All eyes will also be on a raft of economic data from the
euro zone later in the week, including a flash reading of the
Purchasing Managers' Index (PMI) for France and Germany.
A survey on Tuesday showed a sharp deterioration in German
investor sentiment, sending the euro EUR= crashing through a
closely watched support level at $1.08. The common currency was
last trading near its lowest levels since April 2017.

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