Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024. Which stocks will surge next?Unlock AI-picked Stocks

REFILE-European stocks slide again on pandemic fears

Published 02/27/2020, 04:58 PM
Updated 02/27/2020, 04:58 PM
REFILE-European stocks slide again on pandemic fears

(Corrects to say coronavirus global pandemic is looming in
paragraph four)
Feb 27 (Reuters) - European shares fell again on Thursday,
with travel stocks taking the biggest knock, as a jump in new
coronavirus cases outside of China deepened fears of a pandemic
that could dent global growth.
Multiple blue-chip companies issued profit warnings, with
Standard Chartered STAN.L tumbling 3.4% after the Asia-focused
bank said that a key earnings target would take longer to meet
as the epidemic adds to headwinds in its main markets of China
and Hong Kong. The world's largest beer maker, Anheuser-Busch InBev
ABI.BR , dropped 5.6% after forecasting muted growth in 2020
due in part to the outbreak. Governments ramped up measures to battle a looming global
pandemic as the number of infections outside China for the first
time surpassed those within the country. The pan-regional STOXX 600 index .STOXX fell 2.2% by 0817
GMT, bracing for its worst week since January 2016 when fears
about a slowing Chinese economy and a rout in oil prices sent
global markets in a tailspin.
Travel & leisure stocks .SXTP slumped 3.3%, its sixth
straight session of losses, as airlines and hotel groups dropped
on concerns over demand.
Weak earnings reports also dampened the mood. Advertising
major WPP WPP.L slid 13.6% after saying it would target flat
organic growth and profit margin in 2020. Shares in rival
Publicis Groupe SA PUBP.PA fell 3.3%

Latest comments

Install Our App
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.