China virus fear slams European shares

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China virus fear slams European shares
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European shares were on pace for their sharpest decline in three weeks on Tuesda...

The pan-European STOXX 600 dropped 0.7% with all major sub sectors in negative territory.

“Having this outbreak occur in an environment of an already subdued global economy due to the U.S.-China trade war, investor sentiment and reactions are perhaps getting magnified when being viewed through the trade war lens.” Offering some relief to investors, French President Emmanuel Macron said on Monday he had a “great discussion” with U.S. President Donald Trump over a digital tax planned by Paris and said the two countries would work together to avoid a rise in tariffs.

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