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	52,413.79 113.03M	-0.27% -143.72
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,895.00	89,510.00 85,135.00	3075.00 3.63%
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ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
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SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%