European shares slipped on Monday as signs of a resurgence in coronavirus cases in Germany and elsewhere unnerved investors who were hoping for a swift economic recovery from the crisis. The pan-European STOXX 600 index was down 0.3%, pulling back from early losses of as much as 1%. Oil and gas companies .SXEP and banks .SX7P were a drag on the index, falling 1.4% and 0.9%, respectively. Scandal-hit Wirecard shed another 32.2% as it said a quarter of its assets totalling 1.9 billion euros ($2.13 billion) that auditor EY had been unable to account for likely did not exist. The World Health Organization reported a record increase in global coronavirus cases on Sunday, while Germany’s COVID-19 reproduction rate jumped to 2.88, a rate showing infections are rising above the level needed to contain the disease over the longer term. “There remains a degree of concern that a […]