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European markets close lower as virus concerns quell optimism over upbeat data
Friday, 3 July 2020 23:28 WIB | MARKET UPDATE |Stoxx 600Saham Eropa

European stocks closed lower on Friday as concern over a spike in U.S. coronavirus infections tempered the optimism arising from upbeat economic data out of the U.S., China and the euro zone.

The pan-European Stoxx 600 provisionally closed down around 0.9%, with basic resources falling 1.7% to lead losses while travel and leisure shares bucked the downward trend with a 0.1% rise.

European markets failed to capture the overnight momentum from Asia Pacific, where stocks advanced after a survey showed that China™s services sector grew at its fastest pace in over a decade in June, according to Reuters.

Source: CNBC

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