Stocks, Germany, Switzerland, Market Reports, France, Central / Eastern Europe, Spain, Equities Markets, United Kingdom, Reports

Stocks, Germany

European stocks pause as virus worries offset rebound hopes

European stocks pause as virus worries offset rebound hopes

7/3/2020 1:25:00 PM

European stocks pause as virus worries offset rebound hopes

European stocks paused on Friday after gains through the week as another record surge in U.S. coronavirus cases dulled optimism from a brisk recovery in China's services sector.

3 Min Read(Reuters) - European stocks paused on Friday after gains through the week as another record surge in U.S. coronavirus cases dulled optimism from a brisk recovery in China’s services sector.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 2, 2020. REUTERS/Staff/File Photo

President Trump Issues Executive Order Forcing Sale of TikTok NBC News unveils its first 2020 battleground electoral map today Sweden Records Largest GDP Drop Since 1980, But Outperforms Many Other EU Countries

The pan-European STOXX 600 index was largely flat after opening marginally higher, with trading volumes thinned by a U.S. market holiday.Technology stocks .SX8P led the gains, rising 0.7%, while banks .SX7P, insurers .SXIP and oil & gas .SXEP fell after a strong rally in the previous session.

The benchmark index was headed for a 2.8% weekly gain as hopes of a COVID-19 vaccine and a series of strong data pointed to a global economic recovery from the health crisis.But investors are skeptical of further gains in equities as the United States set a new daily global record for COVID-19 cases on Thursday, driving several U.S. states to delay their reopening plans.

“The fear of another big(ger) drop in equity prices continues to haunt financial markets. The opportunity to engage in European assets also seems a bit limited,” Thomas Flury, head of FX Strategies at UBS Global Wealth Management wrote to clients.“For this, clearer signs of a recovery in international trade should be visible. The data on this is constructive, but not surprising to the upside.”

A private survey showed that China’s services sector expanded at the fastest pace in over a decade in June as the easing of lockdown measures revived consumer demand, though companies continued to shed jobs.Paris's blue-chip CAC 40slipped 0.3% as French Prime Minister Edouard Philippe resigned ahead of a government reshuffle by President Emmanuel Macron designed to win back disillusioned voters ahead of a possible re-election bid.

Among individual movers, Germany’s Delivery Hero () jumped 5.5% after the takeaway food company said its order growth nearly doubled in the second quarter.France’s utility firm EDF () rose 4.8% after it revised upwards its 2020 nuclear output target. Read more: Reuters Top News »

Beto O’Rourke: ‘Cannot hold out hope’ that Trump’s timeline on COVID-19 vaccine is accurate

Fmr. Rep. Beto O’Rourke (D-TX) joins Ali Velshi to discuss why Pres. Trump’s claims, without any proof, that a coronavirus vaccine may be available before the November election shows a “failure in leadership.”

😡😡😡 lkafle Covid-19 vaccine hopes pull stock markets into positive territory

6ix9ine Releasing New Song 'Yaya' on Friday6ix9ine took to Instagram to announce that his new Spanish-language track &34;Yaya&34; and its accompanying video will be released on July 3. nicki invented him rapist 0 noise

Macy's rethinks Black Friday bonanza in era of pandemicMacy’s is refashioning what the Black Friday sales bonanza will look like in a pandemic. Did you say Black Friday? Nope to many soft babies out there in there 20s and 30s still getting breastfeed from their mommies. Macy's Day Thanksgiving Parade, right?

Face Masks Mandatory In Most Of Texas, Starting FridayWith COVID-19 cases setting records, Gov. Greg Abbott is requiring most Texans to wear face coverings in public. The order takes effect Friday and applies to counties with 20 or more cases. Too late, Greg.....too fuckin late Good thing COVID can't travel across county lines

What's on TV Friday: 'Jumanji: The Next Level'; coronavirusWhat's on TV Friday, July 3: 'Jumanji: The Next Level'; coronavirus; 'The Searchers' and other movies on TV; TV talk shows Ah good to see my favorite show coronavirus is on tv too

Jason From 'Friday The 13th' Takes The Stigma Out Of Masks In Killer New PSA'Wearing a mask can be scary,' the video says. 'Not wearing one can be deadly.' True it is Eh! sooo.......he's gonna kill you if you're not wearing a mask?

Is the stock market closed Friday? For July 4th, here’s everything investors need to know about trading hours and closuresIndependence Day falls on Saturday this year, meaning that U.S. financial markets will be closed on Friday.