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Feb 25 (Reuters) - European shares bounced back on Tuesday
after recording their worst losses since June 2016 in the
previous session, with investors assessing the economic hit of a
coronavirus outbreak that has spread far beyond China.
Markets across the globe attempted to stabilise, with the
pan-European STOXX 600 index .STOXX rising 0.6%.
After a 5.4% tumble on Monday, Milan-listed shares .FTMIB
rose 0.6%. Italy is struggling with the worst flare-up of
coronavirus cases in Europe, with 220 cases reported and seven
dead. Airline stocks, which took the biggest hit on Monday, edged
higher. Lufthansa LHAG.DE , EasyJet EZJ.L and Ryanair RYA.I
rose between 0.6% and 1.4%.
Prudential Plc PRU.L rose 2.9% after hedge fund Third
Point LLC amassed a more than $2 billion stake and called on the
British insurer to split into two companies.