European shares extend losses as virus worries offset vaccine cheer

MG News | November 18, 2020 at 01:32 PM GMT+05:00

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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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KSE30	41,227.60 63.09M	1.01% 413.32
KMI30	193,069.48 59.40M	0.25% 480.32
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	122,790.00	123,615.00 118,675.00	4260.00 3.59%
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RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.25 0.26%
ROTTERDAM COAL MONTHLY	108.75	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	69.18	69.39 68.41	0.73 1.07%
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