Rolling coverage of the latest economic and financial news, including new growth figures from across the eurozone
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Template for today’s GDP data: strong rebound in 3Q by XX, after historic slump in 2Q. Due to new lockdown measures, a contraction in 4Q by YY looks unavoidable. #Eurozone
This week there has been turmoil in European stock markets on account of the jump in the number of new Covid-19 cases and the rise in the hospitalisation rates.
The real damage to market sentiment was on the back of the stricter restriction in countries like Spain, Italy, France and Germany. Broadly speaking, the eurozone’s economic rebound was cooling – the manufacturing and services reports have disappointed.