European stock markets fell on Friday with investors disappointed by the lack of details in a trillion-euro emergency fund agreed by the bloc's leaders as evidence grew of the global damage wrought by the coronavirus crisis.
- European stock markets fell on Friday with investors disappointed by the lack of details in a trillion-euro emergency fund agreed by the bloc’s leaders as evidence grew of the global damage wrought by the coronavirus crisis.
The slide put the benchmark index on course to end a two-week winning streak, adding to a selloff driven by a historic collapse in oil prices on Monday as sweeping lockdown measures to contain the virus outbreak shut production and crush demand.fell 1.5% with data showing UK retail sales crashed in March, a day after surveys signalled a collapse in April business activity across the globe and U.S. jobless claims topped 26 million in five weeks.
The STOXX 600 has recovered this month from eight-year lows hit in March, partly on hopes the strict stay-at-home orders would be eased on signs the pandemic was peaking in the worst hit parts of the world.
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