Europe: Shares settle below record highs

The Business Times | Feb 15, 2020 at 12:00 AM
  • A handful of negative company updates from Britain and France knocked European shares off record highs hit earlier in the session on Friday, while investors grappled with the impact of the coronavirus outbreak on global growth.
  • London’s FTSE 100 underperformed its European peers with a 0.6 per cent drop, as drugmaker AstraZeneca forecast a possible slowdown in revenue growth this year, assuming a hit from China’s coronavirus epidemic.
  • Despite the uncertainties, the main STOXX 600 recorded its second consecutive weekly gain as investors clung to hopes that the damage to the global economy from China’s coronavirus outbreak will be short-lived.