Fri. Oct 30th, 2020

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European shares are firm

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European stocks

European shares steadied on Wednesday after tumbling in the previous session due to a pause in a COVID-19 vaccine trial and on concerns about more lockdowns, although investors stayed away from big bets ahead of talks on a Brexit trade deal.

Early gains in auto, banking and technology stocks were offset by a slide in the travel and leisure  and energy .SXEP sectors.

Hopes of more stimulus to help businesses ride out the COVID-19 pandemic helped European shares track gains in global equities in the past few weeks, but prospects of more lockdowns and signs of a delay in a vaccine have since dented sentiment.

Italian Prime Minister Giuseppe Conte on Tuesday imposed new restrictions on gatherings, restaurants, sports and school activities.

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