REFILE-European stocks slide again on pandemic fears

  • Reuters
  • Stock Market News
REFILE-European stocks slide again on pandemic fears

(Corrects to say coronavirus global pandemic is looming in paragraph four)

Feb 27 (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 STAN.L tumbling 3.4% after the Asia-focused bank said that a key earnings target would take longer to meet as the epidemic adds to headwinds in its main markets of China and Hong Kong. world's largest beer maker, Anheuser-Busch InBev ABI.BR , dropped 5.6% after forecasting muted growth in 2020 due in part to the outbreak. 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. 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 WPP.L slid 13.6% after saying it would target flat organic growth and profit margin in 2020. Shares in rival Publicis Groupe SA PUBP.PA fell 3.3%

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