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Travel stocks weigh on Europe, miners jump

Published 08/17/2020, 03:32 PM
Updated 08/17/2020, 03:40 PM
© Reuters.
LVMH
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PERP
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STOXX
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SXPP
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SXTP
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Aug 17 (Reuters) - European shares dipped on Monday, failing
to build on gains in Asia as investors focused on the economic
risks from an uptick in coronavirus cases in the region, while
China-exposed miners gained on fresh stimulus for the world's
second-largest economy.
The pan-European STOXX 600 index .STOXX slid 0.3% by 0718
GMT, with travel stocks .SXTP continuing to slide after the
United Kingdom added France and other countries to its
quarantine list last week.
Italy is set to shut discos and clubs and make it compulsory
to wear a mask outdoors in some areas in the first reimposition
of restrictions as virus cases pick up across the country.
However, European miners .SXPP jumped 0.9%, with Shanghai
markets getting a boost after the central bank injected fresh
funds into the financial system. .SS GLOB/MKTS
Among individual movers, luxury group LVMH LVMH.PA gained
0.5% after Jefferies upgraded to "buy", while spirits maker
Pernod Ricard PERP.PA rose 1.7% after a Barclays upgrade to
"overweight."

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