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European shares edge lower amid coronavirus uncertainty

Published 02/10/2020, 04:14 PM
Updated 02/10/2020, 04:16 PM
European shares edge lower amid coronavirus uncertainty
DE40
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STOXX
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SXTP
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Feb 10 (Reuters) - European shares inched lower on Monday as
concerns over the economic impact of the coronavirus outbreak
weighed on sentiment, while markets also came off a rally from
last week.
The pan-European STOXX 600 index .STOXX fell 0.3% by 0803
GMT, with the travel and leisure sector .SXTP the biggest
decliner.
While Chinese businesses resumed work after an extended
holiday, with authorities lifting some virus-related
restrictions, a spike in the death toll to more than 900 kept
overall sentiment jittery. The STOXX 600 had marked its best week in three months on
strength in bank shares after a swathe of strong fourth-quarter
earnings.
Stocks in Germany .GDAXI , Europe's largest economy, fell
0.2% on weakness in resource-related stocks.

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