UNITED STATES (OBSERVATORY NEWS) — European shares opened slightly higher on Monday, as investors were relieved after Britain’s last exit from the European Union, but fears of a Chinese coronavirus spread enthusiasm.
By 0803 GMT, the European Stoxx 600 index was up 0.3 percent.
Britain officially left the European Union on Friday, ending years of financial and political uncertainty. The British leading stock index increased 0.2 percent.
But the expected economic repercussions of the Chinese virus outbreak have curbed buying, especially with Chinese stock indices collapsing at the open on Monday after a long holiday.
The European technology sector index was the best performer, climbing 0.9 percent.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
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