European shares inch higher on Brexit relief; Coronavirus fears cap gains
Reuters
Published Feb 03, 2020 08:14
(Reuters) - European shares opened a tad higher on Monday as investors were relieved that the UK finally exited the EU, although concerns over the growing Chinese coronavirus dampened enthusiasm.
The pan-European STOXX 600 index (STOXX) rose 0.3% by 0803 GMT.
Britain officially left the EU on Friday, ending years of financial and political uncertainty over the exit. Blue-chip British stocks (FTSE) added 0.2%.
However, the likely economic fallout from a virus outbreak in China kept buying constrained, especially given that Chinese stock indexes crashed upon opening after a long holiday. (SS)
Technology (SX8P) was the best performer among the European regional subindexes, adding about 0.9%.
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Written By: Reuters
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