Europe: Stocks slide as surge in virus cases hits rebound hopes

📆 7/3/2020 10:00 PM
📰 BusinessTimes

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[BENGALURU] European stocks fell on Friday after gaining ground during the week as a surge in US coronavirus cases made investors less optimistic about prospects for a rebound in the global economy. Read more at The Business Times.

"For this, clearer signs of a recovery in international trade should be visible. The data on this is constructive, but not surprising to the upside."

A final reading of euro zone business activity showed a coronavirus-inflicted plunge eased sharply last month as more businesses reopened and people ventured out. In France, President Emmanuel Macron named Jean Castex, a top civil servant and local mayor who orchestrated the country's coronavirus lockdown exit strategy, as his new prime minister as he acted to win back voters. France's CAC 40 ended down 0.8 per cent, in-line with the broader markets.

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