European stocks slide after virus fears knock Wall Street By Reuters

European stocks slide after virus fears knock Wall Street

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(Reuters) - European stocks opened lower on Thursday following sharp losses on Wall Street as investors feared another round of shutdowns due to soaring coronavirus cases in the United States and Europe.

The pan-European STOXX 600 (STOXX) fell 0.7% by 0810 GMT, with growth-sensitive oil and gas (SXEP), banking (SX7P) and mining (SXPP) sectors leading early losses.

Encouraging news on COVID-19 vaccine had pushed the STOXX 600 to levels hit in February earlier this week and U.S. markets to record levels.

The U.S. death toll from COVID-19 approached 250,000 on Wednesday as New York City's public schools called a halt to in-classroom instruction in the latest major restriction to curb the spread of the virus. [nL1N2I42CM]

Ailing conglomerate Thyssenkrupp (DE:TKAG) fell 3.8% after it said it would need to cut a further 5,000 jobs to ease the impact of the coronavirus crisis on its businesses. [nL8N2I50R0]

Norwegian Air (OL:NORR) slumped 15.7% after it asked an Irish court to oversee a restructuring of its massive debt as it seeks to stave off collapse. [nL1N2I40P5]

Britain's BT wins majority of European soccer rights until 2027 By Reuters - Jul 01, 2022

LONDON (Reuters) - BT (LON:BT) said on Friday it had secured the British broadcast rights for the majority of European soccer until 2027, paying around 305 million pounds ($368...

China Southern Airlines to buy 96 Airbus A320neo jets By Reuters - Jul 01, 2022

BEIJING (Reuters) - China Southern Airlines said on Friday that it has signed an agreement with Airbus to buy 96 A320neo jets, in a major boost to the European planemaker over...

Airport worker strikes ground some flights in Paris By Reuters - Jul 01, 2022

By Caroline Pailliez PARIS (Reuters) - Airport workers went on strike at Paris' main international airport Roissy-Charles de Gaulle on Friday, forcing the cancellation of about...

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