Market Report - Europe Close
Stocks in Europe ended the session a tad lower as investors tried to understand what the spike in confirmed coronavirus cases the day before, due to a change in methodology by Chinese officials, really meant.
Stocks finished mostly in the red after Chinese authorities revised their methodology for reporting coronavirus infections in order to include "suspected cases", leading to a sharp upward revision in the number of infections, but had managed to recoup nearly all of their earlier losses.
Germany's Dax pushed to a fresh all-time high and the Cac-40 traded near its best mark in five years on Wednesday, despite what some economists labelled a 'terrible' reading on euro area industrial production at the end of 2019.
Stocks on the Continent continued pushing higher and the Dax notched up a fresh record high after the World Health Organisation's latest update on the new China coronavirus showed a further slowdown in the rate of new cases.
Stocks across the Continent finished on a mixed note with Irish and German stocks in focus amid the latest and unexpected political headlines coming out of each of those countries.
Stocks on the Continent were fell slightly at the end of the week as traders tried to gauge the fallout of the cost from the Wuhan virus and digested figures showing the biggest drop in German industrial production since the global financial crisis.
Stocks on the continent were higher at the end of the day on Thursday, as investors looked to Friday's monthly US jobs report and digested what one analyst in the City termed an "unequivocally grim" report on German factory orders.
Stocks in Europe sliding lower again at the end of the week as the number of reported coronavirus cases in China continued climbing, reaching 9,950.
Stocks across the Continent extended their recent rally following reports that researchers were making progress on developing various potential treatments for the new China coronavirus.
Stocks on the Continent finished at their best levels of the session despite the still increasing number of confirmed coronavirus cases.
Stocks on the Continent started February with small gains as the latest updates from the World Health Organisation appeared to show that the rate of growth in the number of new coronavirus infections worldwide had fallen.
Stocks fell sharply on Thursday as the death toll and number of confirmed coronavirus cases in China continued to rise overnight, amid reports of multinationals in the country moving to curtail their activity for the time being.
Stocks in Europe extended the previous day's bounce - but only slightly - helped by positive results from tech giant Apple as they waited for the US central bank's policy decision.
Stocks on the Continent staged a modest bounce on Tuesday despite some analysts' warnings that financial markets might be underestimating the impact of the new Coronavirus in China.
European shares got slammed by news that the Chinese coronavirus had in fact spread further over the weekend, although other factors including so-called 'overbought' conditions in stocks and the impeachment hearings in the US also weighed on prices.
Stocks remained higher at the end of the week after the world's health watchdog chose not to label the new Chinese coronavirus a global health emergency and thanks to a much better than expected reading on euro area manufacturing.
Investors sold shares amid worries that the new coronavirus in China could weigh on the Asian giant's economy, even as they kept a wary eye on the news headlines on US-Eurozone trade coming out of Davos.
Stocks on the continent remained below the waterline as markets closed on Wednesday, after the US president renewed his threat of trade tariffs against the European Union.
Stocks on the Continent were mostly lower at the start of the week, as the International Monetary Fund trimmed its forecasts for global and euro area growth over the next two years.
Stocks across the Continent extended their recent gains, tracking the fresh highs being set on Wall Street and following the release of stronger-than-expected economic data in China.