Published On: Thu, Oct 22nd, 2020

FTSE 100: European stocks to plummet as coronavirus restrictions take toll on sentiment | City & Business | Finance

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European shares fell for a third consecutive session on Wednesday. Losses in healthcare and construction stocks went against a lift from positive earnings from consumer company Nestle and telecoms equipment maker Ericsson.

 

The FTSE is down by 112 points at 5776.5 as the EURO STOXX 50 is down by 47 points at 3180.

Patrick Moonen, principal strategist in the multi-asset team at NN Investment Partners, told Reuters: “Earnings have been generally well above expectations, and guidance has been a positive surprise.” 

He added: “But there are other elements that are currently at play and may have a bigger impact on the market performance than earnings.”

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