Thursday, February 20, 2020

European stocks fell on financial sector losses, LSE up as sterling falls

Featured

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes...

WHO: China-led expert team to investigate coronavirus

The World Health Organization (WHO) said on Sunday that a team of international experts led by the organization has...

Japan records 41 new cases of coronavirus among passengers of the cruise ship

The Japanese Ministry of Health announced today, Friday, that 41 other people were infected with the Corona virus among...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

European stocks fell for a second session on Thursday, weighed down by financial sector losses, but British stocks rallied as the pound fell amid growing concern that an exit without a deal from the European Union could become a reality.

Equity markets in Frankfurt, Madrid, Dublin and Paris all suffered losses, but Britain’s Financial Times 100 rose 0.9 percent to a five-and-a-half-year high, boosted by energy stocks and sterling.

The Stoxx 600 European index closed just 0.04 percent lower, with the performance of the banking sector index weakened after a shift in Federal Reserve policy on Wednesday and a warning from Swiss bank UBS on the income of investment banking activities.

London-listed miners rose, with BHP and Rio Tinto up more than 1.5 percent each, while oil and gas giants BP and Royal Dutch Shell rose more than 1 percent.

Across Europe, Germany’s DAX down 0.5 percent, France’s CAC 40 0.07 percent and Spain’s APEX 0.5 percent.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

Confirmed Coronavirus cases in Japan increased to 621

The Japanese authorities announced the registration of 79 new confirmed cases of coronavirus on the ship "Diamond Princess", bringing...

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes the names of: Sajid Javid,...

Canadian Prime Minister chairs a meeting to discuss Coronavirus

Canadian Prime Minister Justin Trudeau has convened an Incident Response Team meeting to discuss progress in the Canadian government’s response to the new Corona...

Koreans celebrate the historic victory of “Parasite” with Oscar

Celebrations were overwhelmed by social media in South Korea on Monday, after the black comedy film "Parasite" was awarded the first ever Oscar for...

WHO: China-led expert team to investigate coronavirus

The World Health Organization (WHO) said on Sunday that a team of international experts led by the organization has gone to Beijing to help...

Related News