Click4Assistance UK Live Chat Software
Enquiry line: +44 207 998 0570
enquiries@fwm.gi
Available 9:00am - 5:30pm (CET)
European Stocks Decline for Second Day With Virus Cases Rising Image

European Stocks Decline for Second Day With Virus Cases Rising

June 24, 2020

Yesterday the IMF downgraded its global economic projections which in our view remain overly optimistic ignoring concerns of a second wave of infections amid signs of a worsening outbreak. We are fast approaching corporate earnings season and the release of Q2 GDP data where the economic impact of the lockdown will be most felt. Markets continue to ignore economic reality but with injections of liquidity proving ineffective in increasing the velocity of money and improving economic activity; stock markets remain extremely vulnerable to a steep price correction.

Read more in this article:  

https://www.bloomberg.com/news/articles/2020-06-25/european-stocks-decline-for-second-day-with-virus-cases-rising