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European stocks near 1-month low as German consumer morale weakens
Published at 22/10/2020 at 08:17

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

Oct 22 (Reuters) - European stocks hit their lowest level in almost a month on Thursday, as a fall in German consumer morale, worries about soaring coronavirus cases and a U.S. stimulus impasse weighed on sentiment.

The German DAX fell 1.3%, lagging its European peers, as a survey showed consumer morale in Europe's largest economy dropped heading into November as fears about a second coronavirus wave made Germans less willing to open their wallets.

The pan-European STOXX 600 slipped 0.9% by 0708 GMT, in its fourth session of losses.

Europe has seen COVID-19 cases climb to a record high, with Spain becoming the first Western European country to exceed 1 million infections and Italy setting a record increase in daily cases.

Earnings remained a bright spot. Unilever , rose 0.7% after the company reported a stronger-than-expected return to quarterly sales growth, led by emerging markets.

French spirits maker Pernod Ricard also gained 1.0% after saying that sales would return to growth in the second half of its 2020/2021 fiscal year.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)

((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))