European shares edge lower amid coronavirus uncertainty

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© Reuters. European shares edge lower amid coronavirus uncertainty© Reuters. European shares edge lower amid coronavirus uncertainty

(Reuters) – European shares inched lower on Monday as concerns over the economic impact of the coronavirus outbreak weighed on sentiment, while markets also came off a rally from last week.

The pan-European STOXX 600 index () fell 0.3% by 0803 GMT, with the travel and leisure sector () the biggest decliner.

While Chinese businesses resumed work after an extended holiday, with authorities lifting some virus-related restrictions, a spike in the death toll to more than 900 kept overall sentiment jittery.

The STOXX 600 had marked its best week in three months on strength in bank shares after a swathe of strong fourth-quarter earnings.

Stocks in Germany (), Europe’s largest economy, fell 0.2% on weakness in resource-related stocks.

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