👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

European shares inch lower on doubts over COVID-19 vaccine

Published 05/20/2020, 03:18 PM
Updated 05/20/2020, 03:20 PM
© Reuters.
MKS
-
STOXX
-
SXKP
-
SX7P
-
SXTP
-
MRNA
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
May 20 (Reuters) - European shares headed lower on Wednesday
after a downbeat session on Wall Street, as doubts over a
potential COVID-19 vaccine reignited fears about the slow
recovery from a looming global recession.
The pan-European STOXX 600 .STOXX dropped 0.3% by 0708 GMT
in its second day of fall, with banks .SX7P , telecoms .SXKP
and travel & leisure .SXTP sector stocks leading the decline.
Wall Street indexes fell more than 1% overnight after a
media report questioned the validity of the results of U.S.
drugmaker Moderna 's MRNA.O coronavirus vaccine trial that had
sent stock markets soaring on Monday. In a bright spot, shares of British retailer Marks & Spencer
MKS.L jumped 5.2% after saying that it would accelerate its
latest turnaround programme as it dealt with the fallout from
the coronavirus crisis and reported a 21% fall in annual profit.

Latest comments

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.