European shares end slightly higher, as coronavirus doom dithers risk-appetite


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European shares end slightly higher, as coronavirus doom dithers risk-appetite

On Monday, the 3rd of February 2020, a basket of European bourses had been en route to wrap up the day mostly unchanged, however, solid gains in the Wall St. following reveal of a robust rebound in US factory activity had spurred up growth optimisms in the European bourses and a number of major European stock indices had managed to score marginal gains at late-afternoon trading.

In factuality, a majority of Monday’s (February 3rd) European stock indices had witnessed a wait-and-see approach which eventually had saved the European investors from bearing the brunt of a coronavirus-linked market hobbles, though large buyers remained at the bays amid growing uncertainties and markets were mostly trading water throughout the day ahead of a number of big-ticket events lined up later this week.

Meanwhile, addressing to a cautious approach in the European bourses, a senior market economist at Rabobank in Amsterdam, Teeuwe Mevissen said on Monday’s (February 3rd) European market closure, “Markets are more or less in this wait and see mode where they await new news regarding the coronavirus.

This will continue to be a very important theme for this week”. Citing statistics, on Monday’s (February 3rd) European market wrap up, London’s FTSE 100 added 0.55 per cent to 7,326.31, while London’s mid-capped index FTSE Mid 250 rose by 0.08 per cent to 21,160.85.

Besides, Frankfurt’s DAX surged 0.49 per cent to 13,045.19, while French CAC 40 ended the day 0.45 per cent higher to 5,832.51. Elsewhere in the Europe, Italy’s benchmark FTSE MIB fathomed a rise of 0.96 per cent to wind down the day at 23,460.01, while Madrid’s IBEX 35 soared 0.39 per cent to wind up Monday’s (February 3rd) market at 9,407.70.