The european markets are reacting to the outbreak of the case of coronavirus


European equities have opened lower Wednesday, a leap in the coronavirus case in the UNITED states and beyond, and regional outbreaks in Germany, scared investors.The pan-European Stoxx 600 fell 1.5% in early trade, with all sectors and major bourses in negative territory. The Car stocks, which were 2.3% lower, led losses in the region.

Investor sentiment has been shaken by a slight increase in the number of Covid-19 cases all over the world as economies out of isolation. The white House health care adviser, Dr. Anthony Fauci, warned on Tuesday that some parts of the UNITED states are beginning to see a “worrying surge” of Covid-19-case basis.

Fauci has to say, however, that the states with the growth of the coronavirus epidemics may not need to make an ” absolute shutdown. “More than 2 million people in the UNITED states have been infected by the coronavirus so far, according to data compiled by the Johns Hopkins University.Stocks in Asia-Pacific for the most part slightly higher on Wednesday morning, while U.S. stock futures also slightly higher overnight, despite concerns about the spike in cases in the UNITED states and several outbreaks in Germany, one of which led to an entire district to be locked again on Tuesday.

Looking at the state of the stocks, Germany’s Wirecard dived down to the bottom of the Stoxx 600, after a tumultuous few days, with shares erasing early gains to shed 10%. The payments firm has already been involved in a scandal after she announced that the auditors could not find 1.9 billion euros of cash on its balance sheet, leading to the former chief executive Markus Braun’s arrest.

The Evolution of the sweden Game has dropped to the bottom of the Stoxx 600, after Reuters reported that it had made an offer to buy NetEnt AB 19.6 billion Swedish crowns ($2.1 billion). The company’s shares fell more than 8% during the beginning of the draft.

During this time, the German property firm LEG Immobilien, which shed 3% on Wednesday morning, as sharp to the bottom of the European blue chip index.


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