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European stocks slump as China reports spate of new virus cases – MarketWatch, Marketwatch.com

European stocks slump as China reports spate of new virus cases – MarketWatch, Marketwatch.com
                                                                                                                                                                                                                                                                                                                                                                                            

A spate of new coronavirus cases dented enthusiasm for European stocks on Thursday.

Up for three straight days, the Stoxx Europe 823                                                                                                                                                                                                                       SXXP, – 0. %                                                                                                                                                           dropped 0.8% to 427. 86.

U.S. stock futures                                                                                                                                                                                                                       ES , – 0. 83%                                                                                                                                                          also fell sharply, suggesting the Dow Jones Industrial Average                                                                                                                                                                                                                       DJIA, 0. (%)                                                                                                                                                          may reverse much of the 600 – point gain that led to its seventh record close of 2020.

China reported (new deaths and) , (new cases of Covid – , as a different methodology was applied in the hard-hit Hubei province.

The French economy minister, Bruno Le Maire, estimated a 1 percentage point hit to the global economy this year. The International Energy Agency lowered its oil demand growth outlook to the lowest since 2011. The concerns canceled the Mobile World Congress in Barcelona, ​​which could have drawn , (0 to the Spanish city.)

Centrica                                                                                                                                                                                                                       CNA, – 19. %                                                                                                                                                          shares plunged 17% as the UK electricity and gas provider said 01575879 adjusted operating cash flow is likely to fall to the bottom end of a range of £ 1.6 billion to £ 1.8 billion if current commodity prices are maintained, after it fell (% to £ 1.) billion in 01575879. Its adjusted operating profit last year fell (% to £) million, after a tariff cap in the UK and falling natural-gas prices.

Rexel                                                                                                                                                                                                                       RXL, 7. %                                                                                                                                                          shares rallied 11% as the French electrical supply distributor forecast adjusted operating profit growth between 2% and 5% for , which was stronger than expected.

Barclays                                                                                                                                                                                                                       BARC, – 1. 90%                                                                                                                                                                                          BCS, – 0.                                                                                                                                                          shares slipped 2% as the bank said it may not meet its return on equity target in 2020. It also disclosed that U.K. financial regulators are probing the links between Chief Executive Jes Staley and Jeffrey Epstein . Barclays said Staley’s relationship with Epstein, who died by suicide last year in a Manhattan jail cell while facing federal sex-trafficking charges, was “professional.”

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

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