European shares edge lower amid coronavirus uncertainty

Credit: REUTERS/STAFF

European shares inched lower on Monday as concerns over the economic impact of the coronavirus outbreak weighed on sentiment, while markets also came off a rally from last week.

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Feb 10 (Reuters) - European shares inched lower on Monday as concerns over the economic impact of the coronavirus outbreak weighed on sentiment, while markets also came off a rally from last week.

The pan-European STOXX 600 index .STOXX fell 0.3% by 0803 GMT, with the travel and leisure sector .SXTP the biggest decliner.

While Chinese businesses resumed work after an extended holiday, with authorities lifting some virus-related restrictions, a spike in the death toll to more than 900 kept overall sentiment jittery.

The STOXX 600 had marked its best week in three months on strength in bank shares after a swathe of strong fourth-quarter earnings.

Stocks in Germany .GDAXI, Europe's largest economy, fell 0.2% on weakness in resource-related stocks.

(Reporting by Ambar Warrick in Bengaluru; Editing by Shounak Dasgupta)

((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters Messaging: ambar.warrick.thomsonreuters.com@reuters.net; Twitter: @AmbarWarrick))

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