(Reuters) – European shares fell again on Thursday, with travel stocks taking the biggest knock, as a jump in new coronavirus cases outside of China deepened fears of a pandemic that could dent global growth.
Multiple blue-chip companies issued profit warnings, with Standard Chartered
The world’s largest beer maker, Anheuser-Busch InBev
Governments ramped up measures to battle a looming global pandemic as the number of infections outside China for the first time surpassed those within the country.
The pan-regional STOXX 600 index <.STOXX> fell 2.2% by 0817 GMT, bracing for its worst week since January 2016 when fears about a slowing Chinese economy and a rout in oil prices sent global markets in a tailspin.
Travel & leisure stocks <.SXTP> slumped 3.3%, its sixth straight session of losses, as airlines and hotel groups dropped on concerns over demand.
Weak earnings reports also dampened the mood. Advertising major WPP
(Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)