Europe Stocks Head for 4-Month Low; Futures Edge Up: Market Wrap

(Bloomberg) — European stocks dropped on Tuesday amid concern about the relentless spread of coronavirus, while U.S. equity futures turned higher before some of the biggest drug companies report results.The Stoxx Europe 600 Index fell toward its lowest close since June. Declines in miners and energy firms overshadowed positive earnings from banking powerhouses HSBC Holdings Plc and Banco Santander SA, which both signaled a brighter outlook for dividends. BP Plc warned of many challenges ahead as the pace of recovery in oil demand remained uncertain.The modest move up in S&P 500 futures comes after the index suffered its biggest daily …read more

Source:: Yahoo Finance