(RTTNews) – European stocks fell on Wednesday as governments across Europe seek to tackle coronavirus infections with new measures that have sparked protests in markets such as Italy.
Meanwhile, hopes for u. S. stimulus after U. S. President Donald Trump admitted talks have stagnated for a plan to revive the coronavirus before Election Day.
“After the election, we’ll get the most productive stimulus package I’ve ever seen,” Trump told reporters in the White House.
The pan-European Stoxx 600 fell by almost 2% to 345. 67 after falling by 1% on Tuesday. Germany’s DAX plummeted by 3. 1%, France’s CAC 40 index lost 2. 8% and the UK FTSE 100 fell by 1. 7%.
Retailer Carrefour trades unchanged, reversing its first losses. The company said it is on track with a strategic review plan aimed at boosting profits and sales.
Sopra Steria shares plummeted by 13%. The software consulting and progression company generated revenues of 987. 6 million euros in the 3rd quarter of 2020, a negative expansion of 4. 9%.
Oil weakness loathed over the electricity sector, with BP Plc and Royal Dutch Shell falling by more than 2%.
Next Plc rose 2. 7% after the clothing store advanced its profit forecast for the current year.
Real estate developer Land Securities fell 3% after announcing the appointment of Vanessa Simms as its next CHIEF Financial Director.
AstraZeneca has replaced little. The main drug announced that the Chinese National Medical Products Administration had approved the cardiovascular benefits of Forxiga (dapagliflozin).
Deutsche Bank went up. The German lender recorded better-than-expected effects and raised the investment bank’s outlook.
Puma lost about 3%. The sporting goods retailer reported a sharp uptick in third-quarter profits and sales, but said it could forecast for the year due to dubious economic outlook.
Chemical company BASF fell 5% after achieving a loss of 2. 12 billion euros ($2. 5 billion) in the third quarter.