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Lockdown fears, U.S. stimulus doubts hit European shares

Published 15/10/2020, 08:14
Updated 15/10/2020, 08:20
© Reuters. FILE PHOTO:  The German share price index DAX graph at the stock exchange in Frankfurt

(Reuters) - European shares fell for a third straight session on Thursday as concerns about the economic damage from more coronavirus-induced lockdowns and fading hopes for U.S. fiscal stimulus before the presidential election dented demand for equities globally.

The pan-European STOXX 600 index (STOXX) was down 1.3% as France imposed curfews and other European nations said they were closing schools and cancelling surgeries to tackle the surge in COVID-19 infections ahead of the winter season.

Bourses in France (FCHI), Italy (FTMIB), Spain (IBEX) and Germany (GDAXI) fell between 1.3% and 1.6%.

In the UK, ex-dividend trading weighed on the blue-chip FTSE 100 (FTSE), while investors looked for signs of progress in a Brexit trade deal with the two-day European Union summit set to kick off later in the day. (L)

Swiss drugmaker Roche (S:ROG) shed 1.9% even as it posted record revenue in its diagnostics division that offset declining drug sales and kept it on track to meet its full-year 2020 targets.

 

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