On Thursday, the 13th of February 2020, a basket of European bourses had snapped their three-day long rally and retreated from record closing highs reached yesterday (February 12th), as an upsurge in new coronavirus cases, which is commonly observed in a plateau or threshold phase, had evaporated investors’ optimism and reignited frets of a global-scale slowdown.
Nonetheless, German Industrial Conglomerate, Linde’s rise of as much as 3.15 per cent in pre-market trading following an upbeat growth forecast alongside WHO director, Dr. Tedros Adhanom’s fairly optimistic outlook on coronavirus epidemic despite a chorus of deaths inside China, had helped European shares mitigate losses, while the regional pan-European STOXX 600 ended the day flatlined after gaining as much as 1 per cent yesterday (February 12th) to clock a fresh closing high.
Citing statistics, on Thursday’s (February 13th) European market wrap-up, London’s FTSE 100 faltered 1.09 per cent to 7,452.03, while London’s mid-capped FTSE Mid 250 index shed 0.55 per cent to 21,673.90.
Besides, Frankfurt’s DAX ended the day a penny down to 13,745.43, while French CAC 40 had curbed out 0.19 per cent of its earlier gains to wrap up the day at 6,093.14. Elsewhere in the Europe, Madrid’s benchmark IBEX 35 shrugged off 0.31 per cent to 9,909.80, while Italy’s FTSE MIB rounded off the day 0.12 per cent higher to 24,892.15.