Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Travel stocks weigh on Europe, miners jump

Published 08/17/2020, 03:32 PM
Updated 08/17/2020, 03:40 PM
© Reuters.
LVMH
-
PERP
-
STOXX
-
SXPP
-
SXTP
-

(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."

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.