European shares inch up, all eyes on euro zone fiscal package [Reuters]
TESCO PLC S/ADR (TSCDY)
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Source: Reuters
European shares retreat as coronavirus crisis deepens (Reuters) - European stock markets headed lower on Wednesday following a two-day rally, as the coronavirus death toll rose in some of the worst-hit parts of the continent, while the euro zone’s finance ministers failed to agree on an economic rescue package. Spanish .IBEX and French .FCHI stocks shed 1.8% and 2.2%, respectively, as the daily death toll rose again in Spain and France became the fourth country to register more than 10,000 fatalities. Energy .SXEP, mining .SXPP, insurers .SXIP and bank stocks .SX7P were among the biggest decliners as risk appetite dropped. Defensive real estate stocks .SX86P surged 1.1%. The pan-European STOXX 600 index was down 1.4%, undoing a strong start to the week on hopes that infections were plateauing in western Europe and the United States. “The main concern remains that we’re not past the macro uncertainty yet,” said Graham Secker, chief European equity strategist at Morgan Stanley. “The eco
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