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European shares slump on virus fears, banks hit by weak earnings

The German share price index DAX graph is pictured at the stock exchange in Frankfurt
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(Reuters) - European shares fell on Wednesday as investors feared that a resurgence in COVID-19 cases would quash hopes of a swift recovery in the global economy, while rising U.S.-China tensions also dented sentiment.The pan-European STOXX 600 index fell 1.4%, with banks proving a drag after a slew of negative updates. Automakers , travel and leisure , and oil and gas also dragged the main..
Date Published: May 13, 2020
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