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European shares extend losses as virus worries offset vaccine cheer

Published 2020-11-18, 03:20 a/m
Updated 2020-11-18, 03:24 a/m
© Reuters.

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

Nov 18 (Reuters) - European stocks slipped on Wednesday as worries about further economic damage and fresh lockdown measures caused by a resurgent pandemic dented recent optimism over promising vaccine trial results.

The pan-European STOXX 600 .STOXX extended losses for a second session after dropping 0.4% by 0805 GMT.

Real estate .SX86P and energy stocks .SXEP fell the most, while tech stocks .SX8P advanced.

Britain's RSA Insurance RSA.L rose 3.8% to the top of the STOXX 600 index after the company said it had received a cash offer worth 7.2 billion pounds ($9.55 billion) from Canadian peer Intact Financial IFC.TO and Danish insurer Tryg TRYG.CO . Boerse DB1Gn.DE gained 0.8% after the German stock exchange operator said it would acquire an 80% stake in corporate governance adviser Institutional Shareholder Services (ISS) for about $1.8 billion.

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