European shares hit near 1-month low after Wall Street selloff

  • Reuters
  • Stock Market News
European shares hit near 1-month low after Wall Street selloff
Credit: © Reuters.

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

Jan 28 (Reuters) - European stocks hit a near one-month low on Thursday following Wall Street's worst sell-off since October on concerns about high valuations, with investors also growing wary about a rise in more contagious coronavirus variants.

The pan-European STOXX 600 .STOXX fell 1% by 0812 GMT, turning negative for the year, while major regional bourses like Germany's DAX .GDAXI and France CAC 40 .FCHI slid further into the red and UK's FTSE 100 .FTSE held on to slim gains for the year.

Investors looked past strong earnings from Apple AAPL.O and Facebook FB.O overnight as well as the U.S. Federal Reserve's pledge to stick to loose monetary policy as worries about slow rollout of COVID-19 vaccines and more curbs in Europe weighed on the mood.

Germany is preparing entry restrictions for travellers from Britain, Brazil and South Africa, while its health minister expects the current shortage of coronavirus vaccines to continue well into April. .SXPP , technology .SX8P , oil & gas .SXEP and were the biggest decliners among sectors - falling between 1.5% and 1.6%.

Diageo DGE.L jumped 4% after the world's largest spirits maker reported a surprise rise in underlying net sales growth in the first half of the year, helped by strong U.S. demand.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or