European stocks, Asian shares and Wall Street ease due to fresh restrictions
19 Nov 2020
Picture used for illustrative purpose. File
Gulf Today Report
European stocks fell on Thursday due to the slump on Wall Street as concerns for the effect of the fresh lockdowns grows.
The pan-European STOXX 600 fell 0.7% by 08:10 GMT, with growth-sensitive oil and gas, banking and mining sectors leading early losses.
On the other hand, the prospect of a COVID-19 vaccine has propelled the STOXX 600 to levels hit in February.
Asian shares ease on Thursday as fresh US restrictions affect Wall Street and bonds are relying on speculation of aid from Federal Reserve.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%, off their historic high. Chinese blue chips added 0.4% as President Xi Jinping vowed to cut tariffs and expand imports of high-quality goods and services.