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Tuesday, European stocks failed to register an expected gain as concern persisted over the spread of the coronavirus beyond China.
the
Stoxx Europe 600
slipped from 0.4% to 410.03, Italy
FTSE MIB
fell 0.8% to 23,243.14.
On Monday, the FTSE MIB fell 5.4% in its worst one-day percentage decline since June 24, 2016.
US equity futures rose slightly after
Dow Jones Industrial Average
fell more than 1,000 points on Monday.
South Korea
Kospi
closed higher. South Korea and Italy have the highest number of confirmed coronavirus cases outside of China.
“Even if stocks rebound somewhat, we will treat such a decision as a corrective rebound. In order to start looking at the resumption of current bullish trends, we would like to see clear evidence that the virus is well contained, ”said Charalambos Pissouros, senior market analyst at JFD Group, in a comment sent by email.
The spread of the virus in Italy is of particular concern because the country has not identified the so-called zero patient.
The 10-year US Treasury yield slipped from a basis point to 1.36%, while
gold futures
fell $ 21 an ounce.