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

(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 index lower. Shares in Germany's Commerzbank slid 4% and Dutch bank ABN Amro dropped 5.8% after..