European shares dip as virus fears intensify

MG News | March 30, 2020 at 12:30 PM GMT+05:00

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Mar 30, 2020: European shares fell for the second straight session on Monday, as fears about the economic hit from the coronavirus pandemic intensified with several nations extending near-total lockdowns to curtail the spread of the flu-like disease.

The pan-European STOXX 600 index was down 0.8% at 0714 GMT, with energy, industrials and travel and leisure stocks leading declines.

The banking sector tumbled another 2.5%, bringing its monthly losses to more than 28%, with UniCredit, ING and ABN Amro among the first set of lenders to comply with the ECB's appeal to freeze dividends in a bid to shore up credit.

In fresh signs of the business impact from the outbreak, Swiss engineering group ABB fell 5.7% after issuing a profit warning and saying all of its businesses would suffer in the first quarter

Reuters

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KSE30	52,658.79 103.60M	-3.69% -2017.91
KMI30	240,511.29 72.96M	-4.03% -10109.65
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,915.00	67,400.00 66,300.00	585.00 0.88%
BRENT CRUDE	71.15	71.21 70.19	0.80 1.14%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.10 -3.13%
ROTTERDAM COAL MONTHLY	105.50	0.00 0.00	-1.75 -1.63%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
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SUGAR #11 WORLD	13.74	13.76 13.72	-0.02 -0.15%