European Shares Retreat As Brexit, Covid-19 Worries Weigh

Financial world news, market analysis, investment scam prevention tips and more ✔️ Learn all there is to know about the asset management industry. This magazine is crafted specifically for those who are interested in diving into the global asset management world. (RTTNews) - European stocks fell on Thursday, with concerns over surging Covid-19 cases and a stalemate over a post-Brexit trade deal weighing on sentiment. The World Health Organization said that Europe made up almost half of the world's four million new coronavirus cases last week, with Austria seeing a 30 percent increase in new cases compared to last week. Media reports suggested that European leaders are considering no-deal Brexit plans due to the lack of progress on key sticking points. The Times reported that EU leaders are concerned that businesses and fishing communities will be hit by economic disruption without EU contingency measures to cushion the blow of no-deal. The pan European Stoxx 600 fell 0.9 percent to 387.21 after gaining 0.4 percent in the previous session. The German DAX and the U.K.'s FTSE 100 dropped around 0.9 percent each, while France's CAC 40 index was down 0.8 percent. ABB declined 2.4 percent. The Swiss engineering company said it is exploring all options to offload three business units that generate $1.75 billion in sales. Low-cost airline Norwegian Air plunged as much as 15 percent after it filed for bankruptcy protection in Ireland. Commercial real estate company Unibail-Rodamco-Westfield SE gave up To keep reading about European Shares Retreat As Brexit, Covid-19 Worries Weigh, Click on the link. Seoul, Korea
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