Pages

Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Thursday, April 30, 2020

Eurozone downturn and US jobless surge hit markets

The euro area is suffering its worst contraction ever, as the French economy suffers its biggest plunge since the second world war * Latest: 3.8m US initial jobless claims last week * Eurozone economy shrank by 3.8% last quarter * France in recession as GDP shrinks 5.8% * Coronavirus – latest updates * See all our coronavirus coverage 5.23pm BST Time for a recap... A fresh flurry of grim economic data has confirmed that the global economy is falling into its worst contraction in decades, giving markets a jolt. 5.07pm BST APRIL WAS A GOOD MONTH FOR EUROPE’S STOCK MARKETS, DESPITE A LATE WOBBLE TODAY. The Stoxx 600 index gained 6.2% this month, its best monthly gain since October 2015 (after the Greek debt crisis finally eased). Germany’s DAX gained over 9% this month. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com