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The European market collapsed again amid concerns about the second wave of coronavirus. The leaders of the fall remain the airline and other companies related to the travel sector, reports Bloomberg. For example, the cost to Airbus decreased by 2.1 percent. Recently, the group came to an agreement with the governments of France, Spain and Germany and is preparing to renegotiate contracts to support the production of the A350 and A380.
The composite index of the largest enterprises of the region Stoxx Europe 600 fell 0.4%, German shares rose 0.4 percent, while Spain’s IBEX was the worst on indicators for large countries with a reduction of more than 1 percent. Another factor that influenced the decrease in quotations, — the trade tensions between the U.S. and China.
Overall, according to estimates from research company Markit Economics, the composite PMI 19 Eurozone countries in July 2020 rose to 54.8 points from 48.5 points in the previous month. Most favorably the situation in Germany: the country has managed to cope with the pandemic, and the economy began to recover gradually.
Video, photo All from Russia.