European Shares Slide As Doubts Mount Over Virus Vaccine

(RTTNews) - European stocks were flat to slightly lower in cautious trade on Wednesday as doubts over a potential Covid-19 vaccine dashed hopes for quick economic recovery.

Overnight, a report from STAT News questioned the validity of the results of Moderna's vaccine trial that had sent stock markets soaring on Monday.

Rising coronavirus cases in countries such as India, South Africa and Mexico also raised fears that the pandemic is far from over.

The pan European Stoxx 600 slid 0.1 percent to 339.02 after declining 0.6 percent on Tuesday.

The German DAX and the U.K.'s FTSE 100 dropped around 0.2 percent, while France's CAC 40 index was losing 0.8 percent.

Shares of Norwegian Air Shuttle ASA plunged as much as 23 percent after the low-cost carrier said it will get 3 billion kroner ($290 million) in loan guarantees from the government as part of a restructuring plan.
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