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Europe: Stocks suffer monthly decline as growth worries come to fore

  • 📰 BusinessTimes
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  • News: 11%
  • Publisher: 51%

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[BENGALURU] European stocks posted their first monthly decline since a market selloff in March on Friday as growing doubts over a global recovery from the coronavirus crisis overshadowed a batch of strong earnings from technology firms. Read more at The Business Times.

"Overall, choppy markets could continue due to elevated uncertainty, low conviction and tight summer liquidity."

Technology stocks were among the few gainers, up 0.7 per cent after forecast-beating results from Wall Street's tech majors on Thursday. "The strength of numbers from the 'four horsemen of tech' is leading to a halo effect for the tech sector and a resumption of growth stocks leading the market," said Neil Campling, head of TMT research at Mirabaud Securities.

 

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Seoul: Stocks hit 6-month high on foreign buying, Fed stimulus hopes[SEOUL] South Korean stocks rose for a fourth consecutive session on Thursday to close at their highest in six months amid continued strong foreign investor buying, with the US Federal Reserve pledging to utilise all ts means for economic recovery. Read more at The Business Times.
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