European Daily Market Review 14.2.20

European stocks soared today as China moved to limit the fallout from the coronavirus halting activity.

The FTSE-100 inclined 0.20% while Germany’s DAX added 0.13% and France’s CAC-40 gained 0.12%.

Royal Bank of Scotland’s (RBS.L) dropped 6.8% after advertising its new approach to reduce back its investment bank and rename the company.

The Stoxx Europe 600 secured a rise of 0.27% to 431.70. In reality, STOXX-600 advanced to a second consecutive week of the rising pattern.

In the meantime, U.S. markets are closed for Presidents Day.

Shares of the German Bayer fell 2% and the biotech seed company it acquired in 2018, BASF.

The French cosmetics group L’Oreal (OREP.PA) and Pernod Ricard (PERP.PA) retreated 0.5% and 1.2%, accordingly.

In addition, the French auto company Renault SA (RENA.PA) lost 0.9% after marking its first annual drop of the last 10 years.

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