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European Stocks Decline for Second Day With Virus Cases Rising

By 24 June 2020October 27th, 2025No Comments
Home / European Stocks Decline for Second Day With Virus Cases Rising
Contributor: Fiduciary WealthCitizenship: UK NationalsLast Update: 27/10/2025

European Stocks Decline for Second Day With Virus Cases Rising

24 June 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

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