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  • European equities recovered slightly Tuesday on bargain-hunting after a vicious sell-off the previous day rooted in fears of a deadly second coronavirus wave, dealers said. London was up 0.4 percent approaching the half-way mark after tumbling more than 3.0 percent Monday. "The markets have stabilised somewhat, but it remains to be seen whether this is just a pause before more selling resumes," said Fawad Razaqzada, market analyst with ThinkMarkets. British Prime Minister Boris Johnson was Tuesday to announce fresh steps to try to stop a coronavirus surge in England. New rules expected to come into force on Thursday will see English pubs, bars and other hospitality venues required to close at 2100 GMT. Elsewhere, Asian stock markets extended the previous day's losses with sentiment jarred by new containment measures. The raging pandemic shows no signs of slowing down -- more than 31.2 million infections have been detected worldwide, with 964,000 deaths -- and nations are scrambling to contain new outbreaks. Fading hopes for a new US stimulus added to the downbeat mood with Capitol Hill hostilities stoked by the death of US Supreme Court Justice Ruth Bader Ginsburg. A top White House adviser meanwhile questioned whether more fiscal help was even needed. After months of economic recovery helped by an improvement in infection and death rates, there is a worry that the coming northern hemisphere winter -- which experts say could help the disease spread -- will see a return to strict stay-at-home rules. With new spikes around the world, authorities are being forced to act, while former Food and Drug Administration commissioner Scott Gottlieb warned the US may experience "at least one more cycle" of the virus in autumn and winter. Wall Street had also slumped on Monday, though all three main indices managed to end off their lows thanks to late bargain-buying. In corporate news on Tuesday, Whitbread, the British owner of no-frills hotel group Premier Inn, announced that it planned to axe up to 6,000 UK jobs, as the coronavirus pandemic slams travel demand. The group, which owns also restaurant brands including Beefeater and Brewers Fayre, said the cuts would number almost one fifth of its workforce. The news sent Whitbread shares sliding two percent to stand at £20.67 in London. London - FTSE 100: UP 0.4 percent at 5,826.95 points Frankfurt - DAX 30: UP 1.1 percent at 12,681.02 Paris - CAC 40: UP 0.5 percent at 4,815.82 EURO STOXX 50: UP 0.9 percent at 3,189.63 Hong Kong - Hang Seng: DOWN 1.0 percent at 23,716.85 (close) Shanghai - Composite: DOWN 1.3 percent at 3,274.30 (close) Tokyo - Nikkei 225: Closed for a holiday New York - Dow Jones: DOWN 1.8 percent at 27,147.70 (close) Euro/dollar: DOWN at $1.1738 from $1.1771 at 2100 GMT Pound/dollar: UP at $1.2820 from $1.2817 Euro/pound: DOWN at 91.52 pence from 91.84 pence Dollar/yen: DOWN at 104.53 yen from 104.65 yen West Texas Intermediate: UP 0.8 percent at $39.63 per barrel Brent North Sea crude: UP 1.3 percent at $41.99 burs-rfj/bcp/spm
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  • European stocks rebound slightly after vicious sell-off
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