Comments
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 per cent at 0714 GMT, with energy, industrials and travel and leisure stocks leading declines.
The banking sector tumbled another 2.5 per cent, bringing its monthly losses to more than 28 per cent, 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 per cent after issuing a profit warning and saying all of its businesses would suffer in the first quarter.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.