(Reuters) – European stocks eased from a two-week high on Tuesday as a slide in technology and healthcare stocks along with mixed corporate updates tempered optimism about a U.S. stimulus package that bolstered Wall Street indexes overnight.
Global markets saw a relief rally as U.S. President Donald Trump was discharged from the hospital following treatment for COVID-19 and the prospects for a fresh U.S. stimulus package appeared to brighten. [MKTS/GLOB]
“While it is more than possible that Trump’s case of COVID-19 will return to the top of the table at some point, presently his discharge has left the markets looking a bit aimless,” Connor Campbell, a financial analyst at Spreadex wrote.
Wall Street’s tech-heavy Nasdaq futures NQcv1 came under pressure after a draft seen by Reuters showed that a U.S. House’s antitrust report on Big Tech firms contains a “thinly veiled call to break up” the companies.
Meanwhile in Europe, a newspaper reported that Scotland is looking to impose a two-week mini lockdown from Friday, while Spain became the first Western European nation to surpass a tally of 800,000 COVID-19 cases.
Shares of Veolia and Engie rose nearly 1% each.
Sweden’s Telia TELIA.ST gained 5.4% after it agreed to sell its international carrier business, Telia Carrier, to Polhem Infra for 9,450 million SEK ($1.06 billion).
Reporting by Sruthi Shankar in Bengaluru; editing by Uttaresh.V
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