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2020-11-19 14:15:00

EUROPEAN SHARES DOWN

EUROPEAN SHARES DOWN

REUTERS - NOVEMBER 19, 2020 - European stocks fell on Thursday following sharp losses on Wall Street as investors feared another round of shutdowns due to soaring coronavirus cases in the United States.

The pan-European STOXX 600 was down 0.9% in morning session, with growth-sensitive oil and gas, banking, mining and travel sectors falling the most.

The sectors have rallied strongly in November, helped by encouraging news on COVID-19 vaccine that pushed the STOXX 600 to eight-month highs this week.

Defensive healthcare and utilities posted small losses.

U.S. stocks came off all-time highs as the death toll in the country from COVID-19 approached 250,000 on Wednesday and New York City's public schools called a halt to in-classroom instruction in the latest major restriction to curb the spread of the virus.

"Rising coronavirus infection numbers and new restriction measures implemented in the U.S. are weighing on appetite for risk," UniCredit analysts said in a note.

Investors have been weighing the consequences of tighter restrictions globally on economic growth against hopes of a COVID-19 vaccine supporting a recovery.

European Central Bank President Christine Lagarde called on EU leaders to end a potentially damaging budget impasse and repeated a promise to keep monetary policy super easy.

A Reuters poll showed economists expect the euro zone economy to shrink 2.5% this quarter after expanding a record 12.6% in the previous quarter.

Ailing German conglomerate Thyssenkrupp fell 6.7% after it said it would need to cut a further 5,000 jobs to ease the impact of the coronavirus crisis on its businesses.

Norwegian Air slumped 14.8% after it filed for bankruptcy protection as it seeks to stave off collapse amid the pandemic.

Swiss engineering company ABB was down 3% on disclosing plans to offload three business units that generate $1.75 billion in sales.

Britain's Royal Mail jumped 6.3% after it raised its full-year revenue forecast as a surge in online shopping drove demand for its delivery service.

Germany's HelloFresh rose 3.3% after its CEO said the meal-kit delivery firm would expand its capacity to supply U.S. diners by 50% by mid-2021.

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Earlier:

EUROPEAN SHARES DOWN
2020, November, 16, 12:25:00
EUROPEAN SHARES UP ANEW
The pan-European STOXX 600 .STOXX rose 0.7% by 0805 GMT, with banks .SX7P and travel stocks .SXTP gaining the most.
EUROPEAN SHARES DOWN
2020, November, 9, 13:10:00
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The pan-European STOXX 600 .STOXX was up 1.3% by 0805 GMT, with trade-reliant German shares .GDAXI adding 1.6% as data also showed exports in Europe's largest economy rose more than expected in September.
EUROPEAN SHARES DOWN
2020, November, 5, 12:35:00
EUROPEAN STOCKS UP
the pan-European STOXX 600 index rose 1.0% to hit its highest level since Oct. 20,
EUROPEAN SHARES DOWN
2020, November, 3, 13:10:00
EUROPEAN SHARES UP
The pan-European STOXX 600 index .STOXX rose 1.3% on a second day of robust gains
EUROPEAN SHARES DOWN
2020, October, 23, 15:45:00
EUROPEAN SHARES UP
The pan-European STOXX 600 index .STOXX advanced 0.9%,
EUROPEAN SHARES DOWN
2020, October, 21, 16:40:00
EUROPEAN ECONOMY WILL DOWN BY 7%
The European economy is projected to contract by 7 percent in 2020 and rebound by 4.7 percent in 2021.
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Tags: EUROPE, SHARES, STOCKS, INDEXES, BONDS
Chronicle:
EUROPEAN SHARES DOWN
2020, November, 27, 11:30:00
SAUDI ARABIA'S CARBON CONCEPTION
The circular carbon economy concept has been endorsed by G20 member states but has yet to be put into practice, and the kingdom has not revealed any timelines or targets associated with the plan.
EUROPEAN SHARES DOWN
2020, November, 27, 11:25:00
JAPAN'S NIKKEI UP TO 26 644,71
Nikkei rose 0.41% to close at 26,644.71. The index has gained 15.96% this month, and is on track for its best performance since January 1994. The broader Topix rose 0.47% to hit a 25-month high at 1,786.52.
EUROPEAN SHARES DOWN
2020, November, 27, 11:20:00
INDONESIA'S COAL FOR CHINA $1.5 BLN
China Coal Transportation and Distribution has signed a US$1.5bn agreement with the Indonesian Coal Mining Association (APBI) to buy 200 Mt of thermal coal in 2021.
EUROPEAN SHARES DOWN
2020, November, 27, 11:15:00
BRITAIN'S NUCLEAR VALUE
The UK Treasury said yesterday it is important to consider large-scale nuclear projects in addition to Hinkley Point C (HPC) if the country is to meet its net-zero by 2050 target.
EUROPEAN SHARES DOWN
2020, November, 27, 11:10:00
RUSSIAN HYDROGEN DEVELOPMENT
“The global energy market is changing, humanity needs new, efficient, more environmentally friendly energy sources not as a replacement, but as an alternative to traditional hydrocarbons. And hydrogen will definitely occupy its niche in the energy of the future,” said TPU.
EUROPEAN SHARES DOWN
2020, November, 26, 12:20:00
OIL PRICE: NOT BELOW $48 ANEW
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EUROPEAN SHARES DOWN
2020, November, 26, 12:15:00
RUSSIAN GAZPROM'S BENEFIT
"The macroeconomic situation has had a negative impact on the long-term development prospects of the LNG industry," Gazprom said, adding that so far in 2020 only one final investment decision had been made for a new LNG production project.
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