European shares dipped on Monday as concerns over the economic impact of the cor...
- European shares dipped on Monday as concerns over the economic impact of the coronavirus outbreak weighed on sentiment, with stocks in Ireland leading declines after elections in the country.
The pan-European STOXX 600 index fell 0.3% by 0905 GMT, having marked its best week in three months as part of a broader rebound from an earlier virus-driven selloff. While Chinese businesses resumed work after an extended holiday, with authorities lifting some virus-related restrictions, a spike in the death toll to more than 900 kept overall sentiment jittery.
The European travel and leisure sector .SXTP was the biggest decliner among the regional sectors. Hotel operator Whitbread fell the most in the sector as the virus outbreak threatened to erode demand from Chinese tourists.
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