European Stocks Fall First Day in Five on Tariffs, Virus Scare
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European stocks ended a four-day winning streak as new U.S. tariffs aimed at goods from Germany and France raised fears of a worsening trade relationship and virus statistics showed a worsening situation in Europe’s core markets.
The Stoxx Europe 600 Index retreated 0.6% by the close in London. Even better-than-expected U.S. jobless claims data failed to boost equities today. Cyclical, or more economically sensitive industries including miners and banks were among the biggest decliners.