PRESS ROOM
European equities retreat as virus risks abound
Monday 28th September '20
Following a steady recovery since April – in line with generally improving economic fundamentals – European equities have retreated in September as second wave pandemic concerns in Europe begin to emerge. Daily new cases in Europe have seen a material increase in August and September raising the possibility of stricter curbs from governments. The retreat in European stocks has, however, been less severe compared to the sell-off in US equities this month. The Euro Stoxx 50 Index is down around 2.4% (as of 29 September in EUR on a total return basis).