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Lockdown worries, oil drag European stocks lower

Published 03/19/2021, 04:17 PM
Updated 03/19/2021, 04:20 PM
© Reuters.
FCHI
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BP
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TTEF
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RDSa
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STOXX
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SXEP
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SX7P
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SXPP
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
March 19 (Reuters) - European stocks slid on Friday, erasing
a large part of the weekly gains, after France imposed fresh
regional lockdowns to curb the spread of the coronavirus amid
signs of slowing vaccination in some countries.
The pan-European STOXX 600 .STOXX fell 0.6% by 0809 GMT,
tracking a dour session on Wall Street overnight after U.S. bond
yields surged. .N
France's CAC 40 .FCHI was down 0.7% after the nation
imposed a new four-week lockdown from Friday in 16 regions badly
hit by the health crisis. Oil & gas .SXEP , banks .SX7P , and miners .SXPP led the
declines as the fresh lockdowns dampened hopes of a swift
economic rebound. O/R MET/L
Shares in BP BP.L , Royal Dutch Shell RDSa.L and Total
TOTF.PA fell between 1.8% and 2.9% after crude prices plunged
almost 7% overnight on fears the new lockdowns will hurt fuel
demand. O/R

 

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