European stocks edge higher after data, virus worries linger | Malay Mail

FRANKFURT, Aug 18 ― European stocks eked out gains after falling to their lowest in a week yesterday, as upbeat euro zone data helped ease worries about a slowdown in global economic growth amid a spike in Covid-19 cases in Asia and elsewhere.

The travel and leisure sector fell 1.0%, with holiday company TUI Group and British Airways owner IAG leading declines. “The strong growth in euro zone GDP in Q2 is likely to be repeated in Q3 despite the spread of the Delta variant, and should bring the economy back towards its pre-virus size in the coming months,” said Jessica Hinds, Europe economist at Capital Economics.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Weak China data halts winning streak for European stocks | Malay MailLONDON, Aug 16 — A ten-day run of gains for European stocks came to a halt today following a surprise slowdown in China’s economic indicators, with commodity-linked stocks falling the most. The pan-European STOXX 600 index fell 0.5 per cent in early trading, easing from record levels last week....
Source: malaymail - 🏆 1. / 86 Read more »

European stocks snap 10-day rally as China data drags | Malay MailFRANKFURT, Aug 17 ― A 10-day run of gains for European stocks came to a halt yesterday following a surprise slowdown in China's economic indicators, with commodity-linked stocks falling the most. The pan-European STOXX 600 index fell 0.5 per cent to 473.45, easing from a record level scaled last...
Source: malaymail - 🏆 1. / 86 Read more »