Trump and Paris coronavirus alert hits European actions

The pan-European STOXX 600 index fell by 0. 5%, while it fell after initial losses of up to 1. 1%.

Germany’s DAX and France’s CAC 40 each fell 0. 8%, while Britain’s FTSE 100 fell 0. 6%.

Trump said Friday that he and his wife Melania underwent COVID-19 tests and would be quarantined just a few weeks before the November 3 presidential election.

“At this stage, it is still too early to say what the final election results might look like. Markets have been sold in an instinctive reaction to the news, which is understandable,” said Khoon Goh, Head of Asia Studies at ANZ in Singapore. . .

Meanwhile, Paris will be on maximum alert for COVID-19 from Monday, a resolution most likely to force the closure of restaurants and bars and impose new restrictions on public life.

The knowledge showed that foreign tourist arrivals to Spain fell 76% year-on-year in August, as pandemic restrictions deterred many from traveling. Madrid, which is the worst COVID-19 hotspot in Europe, will also return to a blocking.

Travel and recreational stocks fell by 0. 5%.

Chemical stocks fell the most, with a loss of 1%, followed by auto brands and commercial sectors.

Gold miner Centamin fell 19. 6% in the rear of STOXX 600 after forecasting a drop in annual production, as it delayed some open pit mining operations at its key Sukari mine in Egypt.

Shares of French telecoms companies Orange, Bouygues Telecom and Iliad rose 0. 8% to 3. 9% following the effects of an auction of the country’s 5G spectrum sale.

Concerns about Brexit kept London-listed shares in negative territory on Friday.

This story was published from a firm thread without converting the text. Only the name has been changed.

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