European stocks slip amid disappointment over coronavirus drug

European stocks opened lower on Wednesday, as investors expressed disappointment over a potential coronavirus vaccine. The Stoxx Europe 600 index
the German DAX

and the FTSE 100 index

all fell around 0.5% each. A report that dashed hopes over Moderna Inc.’s
coronavirus vaccine candidate also left Asia stocks mostly weaker. That drug news drove a sharp rally for global equities at the start of the week. But U.S. stock futures indicated a rebound for Wall Street later, following Tuesday’s weaker close. Shares of Marks & Spencer PLC

jumped 5.7% after the retailer reported results.

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