European shares firmly in the red as stimulus hopes fail to hold [Reuters (UK)]
Boeing Company (The) (BA)
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Source: Reuters
European shares firmly in the red as stimulus hopes fail to hold - Reuters 3 Min Read (Reuters) - European shares marked their worst close in nearly seven years on Wednesday as recent stimulus measures failed to placate investors seeking to exit equities in the face of the coronavirus pandemic. The pan-European STOXX 600 index closed down 3.9%, negating all of Tuesday’s gains when a bumper stimulus plan from the Spanish government had spurred some buying in regional equities. The STOXX 600 has lost a quarter of its value in March, and is set for its worst month ever after the epicentre of the outbreak shifted from China to Europe. Oil and gas stocks .SXEP, which are among the worst hit by the outbreak with to crude prices sinking on lower demand, ended at their weakest level in 24 years. London-listed John Wood Group ( WG.L ) and Tullow Oil ( TLW.L ) were among the worst performers in the sector, ending about 21.7% and 16.9% lower, respectively. Industrials .SXNP marked heavy loss
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- BA's page on the SEC website