Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Europe drops off record highs on fears about China virus

Economies.com
2020-01-21 12:23PM UTC

European stocks fell on Tuesday, to head for the second daily loss, as profit-taking from all-time highs continued, in addition to risk aversion as fears mounted over the spread of a SARS-like virus in China.

 

Stoxx Europe 600 fell 0.6% as of 11:50 GMT, after it closed lower by 0.1% yesterday, to post its first daily loss in five days, on profit-taking from all-time highs hit in the previous session at 424.90 points.

 

The index opened today's session lower, to head for the second daily loss on profit-taking, as most of the major European exchanges and sectors fell today.

 

The mining sector saw the largest losses in Europe today, with a with a drop by more than 1.8%, amid fears in China (the world's largest consumer of metals).

 

Most Asian stocks fell today, due to mounting concerns of a virus spreading in China with symptoms similar to the pneumonia virus, and similar to the SARS virus outbreak that resulted in killing 800 people in 2002/03.

 

S&P 500 futures fell 0.5% today, after an official holiday yesterday in the US, while the index closed higher by 0.4% on Friday at Wall Street, and hit a record of 3,329.88 points.

 

Back to Europe, the Euro Stoxx 50 index lost 0.6%, France's CAC 40 fell by 0.8%, Germany's DAX fell by 0.25%, and In London, the FTSE 100 index saw the largest loss with a drop by 1%.

European Market News

Americas News

Markets

Wall Street loses ground amid mounting tariff war
2025-07-11 15:29PM UTC
U.S. stock indices declined during Friday trading as the global trade war between the United States ...
Americas News

Markets

Wall Street maintains gains, NASDAQ marks another record close
2025-07-09 20:30PM UTC
US stock indices climbed during Wednesday’s session and held onto their gains following the ...
Americas News

Markets

Wall Street gains ground ahead of Fed's minutes
2025-07-09 15:20PM UTC
U.S. stock indexes rose at the start of trading on Wednesday as markets assessed developments in ...