( Reuters ) – European stocks fell on Thursday as US officials’ comments reinforced fears of a long-term economic downturn due to the outbreak of the Corona virus, as investors awaited fear of a second wave of infections..
The inn index Stoxx 600 European and one percent by the time 0715 GMT, surpassing the lowest level in a week and that it reached on Wednesday after Jerome Powell warned the Reserve Chairman of the Federal ( US central bank ) from a recession worse than any similar situation since World War II, called for spending Additional money.
Shares of auto companies, technology and banks led the decline, while Tim Viwar fell 6.3 percent after direct investment company Permira sold 1.03 billion euros ( $ 1.1 billion ) in the German software company.
Airbus stock fell 1.6 percent after a report said that the Aviation and Space Group is studying restructuring plans that involve the possibility of major job cuts, industry sources said..
In contrast, the shares of the European operator, Euronext, gained 5.1 percent after the company announced a 55 percent jump in quarterly revenue, partly driven by heavy trading in March, which supported the profits of some banks and brokerages..