Euro Stoxx 50 volatility index, also known as the stock market fear gauge, touched its highest level since May 5.
Adding to market woes, US President Donald Trump said he was very disappointed in China over its failure to contain the coronavirus, saying the pandemic cast a pall over his trade deal with Beijing. Euro zone banks closed down 0.7 per cent after hitting a record low earlier in the session. The index is down nearly 50 per cent this year as surging loan losses due to the pandemic and a dividend payment freeze hit stock prices.
UK homebuilder Countryside Properties slumped 17.3 per cent to the bottom of the Stoxx 600 as the closure of its sites and sales offices battered half-year revenue and profit.
Source: News Formal (newsformal.com)
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