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European stocks slip as new lockdowns overshadow strong business activity | Malay Mail

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BRUSSELS, March 24 — European stocks slipped today, as concerns about new lockdown measures overshadowed a surprise return to economic growth for the euro zone in March. After falling as much as 0.7 per cent in early morning trading, the pan-European STOXX 600 index was down 0.2 per cent. Euro...

Wednesday, 24 Mar 2021 07:32 PM MYT

Euro zone stocks also cut losses after IHS Markit’s flash composite PMI, seen as a good guide to economic health, bounced above the 50 mark, separating growth from contraction, to 52.5 this month compared to February’s 48.8. “Covid management is a bumpy road. We nevertheless think that recovery will be quite strong in the second half of the year.”

 

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