European shares slip as lockdown worries, miners drag

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(For a Businesshala Live blog on the US, UK and European stock markets, click/ or type live/ in a news window)

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Nov 15 (Businesshala) – European stocks kicked off the week on a sluggish note, as investors fretted over the prospect of a fresh COVID-19 lockdown, while China’s promise to “phase down” coal The latter were hit the hardest by the miners following the collapse in metal prices. At the COP26 summit.

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The STOXX 600 index was flat, with miners down 1% as iron ore and metal prices fell.

Observers at UN climate talks got a little nervous on Saturday when representatives of the United States and the European Union went to a meeting with their counterparts in China and India to discuss some of the deal language about “phasing out” coal. {met/l]

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UK-listed miners Glencore, Rio Tinto and Anglo American were down between 0.9% and 1.3%.

Out of caution, Austria became the first European country to reinstate a new lockdown, which placed millions of unvaccinated people under restrictions amid record level infection rates.

Shares of Philips, which is recalling ventilators because of its use of potentially dangerous foam parts, fell 8.5% after the medical device maker announced it was in discussions with US regulators following a new inspection of one of its facilities. Was.

Airbus jumped 2.6% after it received a multi-billion dollar order for 255 single-aisle A321neo passenger jets from the portfolio airlines of private-equity firm Indigo Partners. (Reporting by Anisha Sarkar in Bengaluru; Editing by Sherry Jacob-Phillips)

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