Noor Trends News, Technical Analysis, Educational Tools and Recommendations
European stocks continued to post losses for the fourth straight session on Friday, as fears increased over the economic recovery due to the rise in COVID 19 cases worldwide.
The pan-European STOXX 600 index (STOXX) slipped 0.4% by 07:14 GMT, (SXEP) sliding 1.4%. Other growth-sensitive sectors such as miners, insurers and banks fell between 0.8% and 1%.
European stocks have been in a narrow range since mid-June, as investors weigh unprecedented government stimulus against the impact of the pandemic, with caution ahead of the start of the earnings season.
Among notable movers, L’Oreal SA dropped 1.6% after a broker downgrade, while Danish brewer Carlsberg A / S jumped 3.2% after reporting preliminary earnings
German genetic testing firm Qiagen (QIA.DE) rose 3.1% after it reported a 68% rise in quarterly earnings amid strong demand for products used in coronavirus testing.
