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	50,918.37 289.83M	1.86% 931.27
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BITCOIN FUTURES	73,720.00	74,900.00 73,420.00	-680.00 -0.91%
BRENT CRUDE	95.65	96.90 93.93	0.86 0.91%
RICHARDS BAY COAL MONTHLY	103.25	103.25 103.25	-0.60 -0.58%
ROTTERDAM COAL MONTHLY	103.50	103.50 103.50	-0.50 -0.48%
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