European stocks close lower on coronavirus fears and dovish ECB tone
Friday, 24 January 2020 00:05 WIB | MARKET UPDATE |SahamEropaIndeks Stoxx Europe 600
European markets closed lower on Thursday amid increasing concerns over the spread of the China coronavirus, while dovish tones from the European Central Bank (ECB) exerted further downward pressure.
The pan-European Stoxx 600 closed down by 0.7% to 420.03, with most sectors and major bourses in negative territory. Basic resources stocks led the losses with a 2.9% decline.
The ECB held its interest rates steady Thursday, with President Christine Lagarde™s remarks on the economic outlook for the euro zone seemingly disappointing market participants.
The ECB on Thursday held interest rates steady and launched its first strategic review since 2003, in a bid to establish whether its inflation target is still appropriate.
Source : CNBC
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