Financials Down On Stimulus-Deal Fears -- Financials Roundup

Shares of banks and other lenders and money managers fell sharply as fears that the U.S. would fail to pass a stimulus deal before the presidential election.

The "lack of a deal on fiscal stimulus, election uncertainty, and the second wave of the virus, are likely to keep volatility elevated near-term," said strategists at brokerage Morgan Stanley, in a note to clients.

A technical problem halted trading on exchanges owned by Euronext, hitting activity at one of the busiest times of the year for European stock markets. Monday's glitch stopped trading in stocks, bonds, commodities and derivatives on exchanges in Paris, Amsterdam, Lisbon and elsewhere.

 Write to Rob Curran at [e-mail] 

(END) Dow Jones Newswires

10-19-20 1716ET