in

European stocks lose ground weighed down by concern about the virus

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 5, 2020. REUTERS / Staff FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 5, 2020. REUTERS / Staff

Nov 18 (.) – European stocks continued to decline on Wednesday, as concerns over further economic damage and new restrictions applied to cushion the spread of the pandemic contained recent optimism about the promising results of clinical trials of candidate vaccines against COVID-19.

The pan-European STOXX 600 index remained in negative territory for the second day in a row, falling 0.4% at 0805 GMT.

Real estate and energy sectors fell the most, while technology stocks advanced.

British insurer RSA led earnings on the STOXX 600, scoring 3.8% after the company said it had received a cash takeover offer of about 7.2 billion pounds ($ 9.55 billion) from Canada’s Intact Financial. and the Danish Tryg.

Deutsche Boerse was up 0.8% after the German stock market operator said it would acquire an 80% stake in Institutional Shareholder Services (ISS), a corporate governance advisory group, for about $ 1.8 billion.

(Information from Shashank Nayar in Bengaluru; edited by Sherry Jacob-Phillips; translated by Michael Susin at the Gdansk newsroom)