European shares dip on worries over China COVID surge


Source: shorenewsnetwork.com shorenewsnetwork.com

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By Sruthi Shankar and Shreyashi Sanyal (Reuters) -European stocks fell on Tuesday, with commodity-linked sectors leading the losses, as concerns about surging coronavirus cases in China added to nerves ahead of a widely expected U.S. interest rate hike. The pan-European STOXX 600 index fell 0.3%, after rising in the last two sessions when hopes of progress in Russia-Ukraine peace talks had lifted sentiment. European miners slumped 2.1% and oil & gas stocks slipped 0.1%, as crude prices shed more than 7% and industrial metals fell on concerns over demand from key consumer China following a surge in COVID-19 cases. [O/R]...