European stocks end lower as COVID-19 economic toll becomes clearer

Financial Post | Apr 3, 2020 at 4:17 PM
  • European shares ended down on Friday, closing the week lower as dismal business activity data heralded a deep economic and earnings recession due to the novel coronavirus outbreak.
  • The pan-European STOXX 600 index closed 1% in the red.
  • Energy stocks dragged on the STOXX 600, relinquishing most of their gains from Thursday after a record spike in oil prices on hopes that Saudi Arabia and Russia would end their price war.
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  • European stocks end lower as COVID-19 economic toll becomes clearer (Reuters: Apr 3, 2020 at 4:16 PM)