European shares edge lower amid coronavirus uncertainty

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 fell 0.3% by 0803 GMT, with the travel and leisure sector 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, Europe's largest economy, fell 0.2% on weakness in resource-related stocks.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)