European shares extend losses as virus worries offset vaccine cheer
MG News | November 18, 2020 at 01:32 PM GMT+05:00
November 18, 2020: European stocks slipped on Wednesday as worries about further economic damage and fresh lockdown measures caused by a resurgent pandemic dented recent optimism over promising vaccine trial results.
The pan-European STOXX 600 extended losses for a second session after dropping 0.4% by 0805 GMT.
Real estate and energy stocks fell the most, while tech stocks advanced.
Britain's RSA Insurance rose 3.8% to the top of the STOXX 600 index after the company said it had received a cash offer worth 7.2 billion pounds ($9.55 billion) from Canadian peer Intact Financial and Danish insurer Tryg .
Deutsche Boerse gained 0.8% after the German stock exchange operator said it would acquire an 80% stake in corporate governance adviser Institutional Shareholder Services (ISS) for about $1.8 billion.
Reuters
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