[BENGALURU] Downbeat economic data that pointed to a stalling of the euro zone recovery hit regional stock markets on Friday, with the pan-European Stoxx 600 index marking weekly losses as coronavirus cases rose across the continent. Read more at The Business Times.
"Today's euro zone PMI release confirms that while activity is on the mend, the pace of the recovery is slowing," Jai Malhi, a global market strategist at JP Morgan Asset Management wrote."It's no coincidence that the recovery is losing pace as concerns over new infections have risen."
London's exporter-heavy FTSE 100 slipped only 0.2 per cent, supported by a slump in the pound on a mix of bad news on the latest Brexit negotiations and gains for the US dollar. Irish building and insulation materials firm Kingspan jumped 8.9 per cent after its chief executive said the company saw significant pent-up demand post-lockdown.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Merkel warns Europe against reviving new coronavirus lockdownsBERLIN (BLOOMBERG) - German Chancellor Angela Merkel called on European leaders to work together to avoid renewed lockdowns as a resurgence of the coronavirus threatens already battered economies.. Read more at straitstimes.com.
Read more »
Europe can fight virus without lockdowns: WHOCOPENHAGEN — Europe can combat the new coronavirus without full lockdowns now that authorities are better prepared and have gained knowledge about how to fight it in recent months, the World Health Organization (WHO) said on Thursday (Aug 20).
Read more »
Europe: Shares slide on risk-off mood after gloomy Fed view[BENGALURU] Miners and banks led declines in European stocks, hit by a wave of selling across global markets on Thursday after the US Federal Reserve signalled a long path of recovery for the world's largest economy. Read more at The Business Times.
Read more »
France rules out new shutdown as Europe grapples with surging coronavirus casesFrench President Emmanuel Macron said that, if necessary, authorities should resort to local 'targeted' lockdowns. . Read more at straitstimes.com.
Read more »
Europe can fight virus without lockdowns: WHOCOPENHAGEN (AFP) - Europe can combat the new coronavirus without full lockdowns now that authorities are better prepared and have gained knowledge about how to fight it in recent months, the World Health Organisation (WHO) said on Thursday (Aug 20).. Read more at straitstimes.com.
Read more »
Europe: Shares fall after US Fed's grim view on recovery[BENGALURU] European stocks were hit by a wave of selling in global equity markets on Thursday after the US Federal Reserve signalled a long and difficult path of recovery for the world's largest economy. Read more at The Business Times.
Read more »