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.
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