European banks slip after ECB calls for dividend halt through October
European stocks SXXP, -2.39% slipped in early trade on Monday, with modest losses across the Continent. Two companies that warned over the impact of COVID-19, chip equipment maker ASML and luxury-goods product firm LVMH MC, -0.73%, both advanced. ABN Amro ABN, -8.
58% however slumped 7% as it scrapped its dividend, after the European Central Bank called for payouts to be halted until October, and other banks also dropped. Light sweet crude oil futures CL.1, -5.39% slumped over 4% to $20.60 a barrel, and the euro EURUSD, -0.59% fell vs. the dollar.
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