Defensive stocks drive European shares lower on virus, monetary policy worries

Published by
Reuters UK

By Anisha Sircar (Reuters) – European shares slipped on Thursday as defensive and construction stocks fell on worries over a continuing surge in COVID-19 cases and signs of a tighter monetary policy environment. The pan-European STOXX 600 fell 0.2%, with shares in healthcare, and personal and household goods falling the most, while Swiss plumbing supplies firm Geberit’s quarterly update hit construction stocks. Geberit slipped 3.9% as it said increased uncertainty made it impossible to provide the 2022 outlook for prices of raw materials or the construction market overall. The STOXX 600, which…

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