(Reuters) – European stocks fell on Thursday after rising for two consecutive sessions, as the rapid spread of the Corona virus and concerns about a major global recession overshadowed optimism about a historic US stimulus deal worth $ 2 trillion.
The pan-European STOXX 600 index fell 2 percent by 0803 GMT, with German shares falling 1.8 percent as a survey showed that consumer sentiment in Europe’s largest economy fell sharply to its lowest levels since 2009.
Italian and Spanish stocks also fell by 2.2 percent to 2.5 percent, with the death toll in
Italy exceeded by the Corona Virus 7500, while the number in Spain rose to more than 3400,
exceeding the total death rate in China.
Britain's Dixon Carphone Electronics shares fell 2 percent after it warned that it would
not meet its profit and debt forecasts for 2019-2020 as the outbreak caused it to close
its stores in the United Kingdom, Ireland and Greece