(RTTNews) – European stocks saw a choppy session on Wednesday as investors appeared somewhat clueless about a potential new coronavirus relief plan as they digested a couple of treats from U.S. President Donald Trump.
Markets were also reacting to updates about coronavirus spread. In France, new coronavirus cases continued to see a daily rise of over 10,000. The French government has placed Paris on maximum Covid-19 alert.
Trump had tweeted Tuesday afternoon that he has instructed his administration’s negotiators to stop stimulus discussions with Democrats until after the presidential election, triggering heavy selling in the U.S. market.
Later on Tuesday, Trump indicated he would support individual stimulus measures after calling off negotiations over a broader relief package.
“The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!” Trump tweeted.
He later added, “If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?”
The pan European Stoxx 600 ended down 0.12%. The U.K.’s FTSE 100 edged down 0.06% and France’s CAC 40 declined 0.27% and Germany’s DAX moved up 0.17%. Switzerland’s SMI ended lower by 0.44%.
Among other markets in Europe, Denmark, Iceland and Ireland closed higher. Belgium, Finland, Greece, Norway, Russia and Spain declined, while Austria, Czech Republic, Netherlands, Poland, Portugal, Sweden and Turkey ended flat.
In the UK market, Rolls-Royce gained more than 5%, rebounding strongly after losses in the previous session. CRH, Glencore, Kingfisher, Fresnillo, Ocado Group, Rio Tinto, Taylor Wimpey, Antofagasta and Melrose gained 2 to 3%.